New Wallets Gain $77 Million from pepe Coin, Uniswap, Ethena and Others
New wallets and first-time accumulators surprisingly withdrew six Ethereum ecosystem tokens worth $76.95 million from crypto exchanges (cex) last week. Ether tokens included in these large withdrawals include lido dao (LDO), ethereum name service (ENS), Ethena (ENA), Pepe Coin (PEPE), uniswap (UNI), and aave (Aave).
This increase in activity for Ether tokens comes amid optimism following the recent Spot Ethereum ETF approval. Therefore, it leads to speculation that altcoin season may make a comeback. Here’s an overview of the latest savings generated by the new wallets:
Starring Ethena
Ethena led the charge with a 31.05% increase over the last seven days. Three new multi-signature wallets withdrawing 54.31 million ENA worth $45.61 million. Notable transactions included one from wallet “0xe68” that attracted 34.65 million ENA in a week, making a net profit of $3.2 million. Additionally, wallets “0xc7e” and “0x8be” jointly withdrew 19.66 million ENA, generating $657,000 in just 24 hours.
Pepe Coin Rises 45% in One Week
Pepe Coin witnessed the most significant percentage increase among tokens, rising 45.5% last week. Whale wallet “0x837” made headlines by withdrawing 982.6 billion PEPE worth $13.55 million from Binance in the last two days.
This whale, which likely purchased PEPE at a lower price, contributed to the significant price increase, making a profit of $594,000 for a gain of 4.39%. However, PEPE price is currently in the red. At the time of writing this news, Pepe Coin price decreased by 4.55% to $ 0.00001376 on Friday, May 24.
Also Read: PEPE Price Rally: Smart Investor Earns 1200% Profit in Pepe Coin Trading
Ethereum-Based Lido DAO Gains Momentum
Lido DAO saw a 37.6% increase in value last week. Six new wallets and whales withdrew 4.3 million LDO (equivalent to $9.59 million) from binance in the last 24 hours, according to Spot On Chain insights. This activity underscores the growing interest in LDO as investors move their assets to private wallets.
Aave and Uniswap Tracking Team
There was also significant activity in Aave and Uniswap. For the week, Aave crypto is up 16.5% after two whales named “0x201” and “0xcd0” pulled 39,762 AAVE worth $4.06 million from Binance about seven hours ago. Uniswap, meanwhile, saw a 28.5% increase as whale wallet “0xbbd” attracted 214,465 UNI worth $2.08 million at a price of $9.69 per token about six hours ago.
Ethereum Name Service Reflects Sentiment
ENS recorded the highest weekly percentage increase with 72.3%. Whale wallet “0x43c” pulled 82,041 ENS worth $2.06 million from Binance approximately seven hours ago at $25.13 per token, marking a significant transaction for the week.
Also Read: Rising Ethereum Altcoins Today Analyzed
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