Key Points
- On-chain data shows crypto whales offload DeFi tokens on Binance.
- Yesterday, BlockTower Capital deposited over $16.7 million in UNI, LINK, MKR and ENA on Binance.
During the past two days, a crypto whale deposited considerable amounts of DeFi tokens to Binance, marking significant profits, while a VC also offloaded tokens to the exchange, marking both profits and losses.
Crypto Whale Deposits Almost $8 Million in DeFi Tokens to Binance
According to on-chain data, a whale starting with “0x257” offloaded $7.96 million worth of four assets, including three major DeFi tokens to Binance.
The whale deposited 13,816 AAVE tokens worth around $3.54 million, seeing a profit of over 250% of $2.56 million.
The same whale also deposited 161,463 LINK tokens worth over $3 million, recording a 213% profit of $2.13 million.
The same whale offloaded 85,529 UNI coins worth $758,000, seeing a 52% profit – a realized gain of $258,000.
Also, the whale deposited 289,399 EIGEN coins worth $531,000 on Binance, according to Spot on Chain data.
The funds came from an EigenLayer airdrop claim, and the whale was reportedly a signed contributor, and a rewards coordinator as well, according to the same data.
Spot on Chain also noted that this whale had been a long-term holder of AAVE, UNI, and LINK since mid-2022. Also, the whale claimed EIGEN coins by staking ETH with EigenLayer.
Yesterday, Spot on Chain also highlighted how a VC deposited DeFi tokens to Binance, seeing considerable net losses.
BlockTower Capital Deposited Over $16.7 Million in DeFi Tokens
BlockTower Capital institutional investment firm reportedly deposited $16.78 million in four DeFi coins to Binance on February 4 in a few hours.
The VC took a net loss of $2.94 million, according to Spot on Chain data. Here are the VC’s deposits from the other day:
- The firm deposited 532,753 UNI coins worth over $5 million, earning $579,000, or a profit of 12%.
- The VC deposited 197,450 LINK coins worth over $4 million, recording a loss of 9%, or $426,500.
- The firm also deposited 3,861 MKR coins worth over $3.7 million, seeing a loss of 31%, or $1.7 million.
- BlockTower Capital deposited 5,153 ENA coins worth over $3.4 million, seeing a loss of 29% or $1.39 million.
BlockTower Capital received the coins a few days ago, according to the same on-chain data.
Spot on Chain noted that currently, the VC still has around $21.7 million in assets left, including over $5.4 million in AAVE, and over $4.8 million in ETH.
