Latest Whales News and Insights | Yellow.com

A significant Ethereum transaction has caught the market's attention. It comes as the US nears approval of a spot Ether ETF. The move could shape Ethereum's trajectory in the weeks ahead. An Ethereum whale has withdrawn 16,449 ETH from Binance. The transaction is valued at roughly $50.3 million. It coincides with Ethereum's price rebounding above $3,000. Spot On Chain, an onchain data provider, highlighted the whale's activity. "This marks their first major Ether accumulation," they noted. The funds now sit in a new wallet. The timing is crucial. It aligns with the expected launch of Ether ETFs next week. Spot On Chain pondered on X: "Could this large transfer signal bullish sentiment for Ethereum?" ETF introduction typically boosts institutional interest. This often drives up prices. The whale activity and impending ETF launch suggest heightened interest in Ethereum. Ether's price jumped 10.11% on July 9. It hit $3,113, up from about $2,830 the previous day. This rally coincided with positive fund flows. CoinShares reported $10.2 million inflows to Ether-linked funds. This was for the week ending July 5. VanEck and 21Shares recently updated their SEC registrations. They aim for July approval to list and trade spot Ether ETF shares. 21Shares also revised its Core Ethereum ETF form. Neither filing specified an exact launch date. Both stated they'd launch "as soon as practicable after the effective date". Competition among ETF sponsors is heating up. Invesco and Galaxy set a 0.25% management fee for their Ethereum ETF. They filed this with US regulators on July 9. The SEC greenlit spot Ether ETFs in May. Yet, investors pulled $61 million from Ether investment products between June 24 and 29. This brought June's total outflows to $37 million. The market's on edge. Will the whale's move and upcoming ETFs give Ethereum a boost? Only time will tell.

On-chain data reveals significant selling activity by Bitcoin whales. This movement potentially contributed to BTC's recent bearish trend, at least that seem to be the most plausible explanation. Analyst Ali highlighted the trend on social media platform X. He referenced Santiment's "Supply Distribution" metric. This indicator tracks Bitcoin holdings across various wallet groups, focusing on wallets holding between 1,000 and 10,000 BTC. That's the guys we usually call the whales. At current rates, these holdings range from $55.4 million to $554 million. Such large positions can significantly influence market dynamics. The data shows a downward trend in whale holdings over the past month. These investors reduced their positions by 30,000 BTC. A whopping amount of money to say the least, because it equates to over $1.65 billion at current prices. The sell-off intensified in recent days. And this accelerated selling coincides with Bitcoin's recent price drop. It suggests whale activity may be partially responsible for the market downturn. Simply put, whales sell because they suddenly turned bearish, and thus the market is getting a strong bearish sentiment. Whether this selling trend will continue remains uncertain. More whales could potentially sell if market sentiment remains negative. Conversely, a reversal in whale behavior could signal a potential market bottom. This would indicate whales view current prices as attractive entry points. Bitcoin's price has fallen over 10% in the past week. It now trades around $55,000, a level not seen since late February.

A new competitor to Pepe Coin (PEPE) is attracting attention from crypto whales. The token, Pepe Unchained (PEPU), is gaining traction in web3 trading circles. But make no mistake, it's not just another meme coin. PEPU is a new Ethereum layer-2 blockchain. So it's a meme coin on a solid base, to say the least. PEPU is currently in presale. Several prominent crypto analysts have invested. Clinix Crypto, with over 60,000 YouTube subscribers, has bought in. Crypto Gains advised his 130,000 subscribers to consider an early investment. Jacob Crypto Bury sees potential for a 10x return. The presale has raised over $1.77 million to date. At the current token price of $0.0081939, PEPU's market cap stands at $64 million. This valuation could increase if the project succeeds as both a meme coin and an Ethereum layer-2 solution. Investors should note that the token price will rise once the presale reaches $1.96 million. To participate, users can connect their MetaMask wallet on the official website. The presale accepts ETH, BNB, and USDT. Pepe Unchained aims to appeal to both the Pepe meme coin community and DeFi enthusiasts. Thirty percent of the token supply is allocated for staking rewards. Presale investors can start earning these rewards immediately. The project's website currently displays a staking yield of around 1,100%. At this rate, early investors could potentially double their initial investment in about one month. However, this yield is expected to decrease as more PEPU is staked. This high yield offers early investors a chance to increase their holdings. This potential growth is independent of any price appreciation post-launch. The token price increase and high staking yields present significant opportunities. However, investors should conduct thorough research before participating. Crypto investments carry inherent risks. As the crypto market evolves, projects like PEPU demonstrate the ongoing innovation in the space. The combination of meme coin appeal and layer-2 functionality could set a new trend in the industry. Now might be the best time to jump on that wagon, of course if you on of those people, who are up to risky projects in their early stages.

On-chain data reveals divergent strategies among memecoin whales. The largest dogwifhat (WIF) holder is expanding their position. Other major players are liquidating holdings in Pepe (PEPE) and Shiba Inu (SHIB). Blockchain analytics firm Lookonchain reports significant movements. The top WIF holder now possesses over 23 million tokens. They recently acquired an additional 2.3 million WIF. "The largest holder of WIF spent 4.65 million USDC to buy 2.3 million WIF at $2.03 [June 25th]," Lookonchain stated. This investor now holds 23.39 million WIF, valued at $49.6 million. Their total profit on WIF stands at approximately $83 million. WIF is currently trading at $2, down 3% in 24 hours. Another WIF whale, previously facing losses, has re-entered the market. Lookonchain noted, "This whale, who lost $4.63 million on WIF, spent 3.77 million USDT to buy 2.06 million WIF back after the WIF price rose." Their average purchase price is $1.83. In contrast, a major PEPE holder has reduced their position. Lookonchain reported, "PEPE whale capitulated and deposited 700 billion PEPE ($7.8 million) into Binance [June 24th]." The investor retains 800 billion PEPE, worth $9.23 million. Their total loss amounts to approximately $3.5 million. PEPE is trading at $0.00001254, down 2% in 24 hours. A SHIB whale has realized substantial profits. Lookonchain observed, "A whale deposited all 1.08 trillion SHIB ($18.4 million) to Binance [June 24th], making a profit of ~$8.3 million!" Funny thing is, this investor had withdrawn the same amount of SHIB in late 2023, at a cost of around $10.07 million. Now he has got a much bigger game, though. The whale's unrealized profit now peaked at $29 million during SHIB's recent high.

A long-inactive Bitcoin wallet has suddenly resurfaced. The wallet moved a significant amount of Bitcoin to Coinbase on Friday. This occurs as the cryptocurrency's price struggles to maintain recent gains. Data from Lookonchain and Arkham Intelligence reveal the details. The wallet, identified as 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3, deposited 1,000 BTC to Coinbase Pro. This amount is valued at over $61 million. The coins were originally acquired six years ago for $6.68 million. This event is part of a larger trend. This quarter has seen an increase in dormant Bitcoin wallets becoming active. These wallets are moving coins to exchanges. On Thursday, a 14-year-old wallet linked to a Bitcoin miner sent 50 BTC to Binance. Analysts are speculating on the motives. Some suggest these dormant holders may be cashing out near record highs. Others believe they might be engaging in derivatives market activities. This activity is contributing to downward price pressure. Long-term holders are selling. Miners are liquidating faster. The German government is divesting its coin holdings. As a result, Bitcoin prices have fallen nearly 9% this month. At the time of writing, Bitcoin was trading at $61,550. It has failed to maintain gains above $62,000 at least four times since Tuesday, according to CoinDesk data. Price volatility may increase later Friday. The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index for May, is set to be released. Economists have made predictions about the PCE. They expect no change in the PCE price index. They anticipate a 0.1% increase in the core PCE. This would lead to 2.6% annual advances in both headline and core figures. A favorable inflation report could support the case for Fed rate cuts this year. This might provide support for Bitcoin prices. However, some observers believe Bitcoin is poised for a deeper decline. They suggest it could fall towards $50,000.