New Move from Institutional Whales Counting Down the Days to Spot Ethereum ETF! They Purchased ETH and 6 Different Altcoins!

BitcoinSharp declines in in altcoins It also triggered panic selling and altcoin prices also suffered significant losses.

At this point, investors turned the decline in altcoins into an opportunity and started buying dips.

According to Lookonchain’s post, two giant whales turned to Ethereum and ETH-based altcoins.

Accordingly, two whales, aavebank.eth and 0x345f, purchased altcoins worth $10.4 million.

This whale yesterday and today’s portfolio Ethereum, Aave (AAVE), UniSwap (UNI), Chainlink (LINK), ENS, PENDLE and Lido DAO (LDO) added.

“Whales/Institutions are accumulating altcoins in the Ethereum ecosystem.

Aavebank.eth, 3 hours ahead of Binance.

21,027 AAVE (worth $1.98 million)
205,493 UNI (worth $1.62 million),
446 ETH (worth $1.37 million),
102,313 LINK (worth $1.28 million) and
Bought 20,797 ENS (worth $534K).

Whale “0x345f” withdrew 508,001 PENDLE (worth $1.89 million) and 1.08 million LDO (worth $1.77 million) from Binance 11 hours ago.”

Experts in these purchases spot Ethereum ETFHe thinks that the upcoming launch of the ETFs may be effective. While ETF analysts point to July 15 or 18 for the possible launch date of ETH ETFs, some analysts do not give a date and expect the ETFs to be opened for trading in July.

After Ethereum ETFs became available for trading, ETH and altcoins in the ETH ecosystem are expected to increase due to the ETF effect.

Whales/Institutions are accumulating #Ethereum ecosystem tokens.

aavebank.eth withdrew 21,027 $GHOST($1.98M), 205,493 $UNI($1.62M), 446 $ETH($1.37M), 102,313 $LINK($1.28M), and 20,797 $ENS($534K) from #Binance 3 hours ago.

Whale”0x345f” withdrew 508,001 $PENDLE($1.89M) and 1.08M… pic.twitter.com/e01bGmCtE0

— Lookonchain (@lookonchain) July 12, 2024

*This is not investment advice.