On-chain data reveals that three significant cryptocurrency whales recently transferred the altcoins they had acquired to Coinbase.
Three cryptocurrency whales collaborated to deposit 10.43 million MATIC tokens into Coinbase, amounting to approximately $10.38 million. Their average deposit price was $0.996 per token. As a result of this joint venture, they earned an estimated total profit of $1.9 million, marking a 22.41% increase in value.
Cryptocurrency Whales Deposit MATIC Tokens into Coinbase
Three cryptocurrency whales have made substantial deposits of MATIC tokens into Coinbase, indicating potential market activity.
The first whale, identified by the address 0xd16, deposited 3.41 million MATIC tokens valued at around $3.4 million. These tokens were previously withdrawn from Coinbase on February 8, 2024, at an average price of $0.833, totaling $2.85 million.
Similarly, the second whale, identified by the address 0x64e, deposited a similar amount of 3.43 million MATIC tokens, equivalent to approximately $3.41 million. This whale also withdrew MATIC tokens from Coinbase, purchasing them on the same day as the first whale at an average price of $0.811, totaling $2.78 million.
Lastly, the third whale, associated with the wallet address 0x3de, deposited slightly more, approximately $3.57 million, with 3.59 million MATIC tokens. These tokens were withdrawn from Coinbase on February 7, 2024, a day earlier than the other withdrawals, at an average price of $0.797, totaling $2.86 million.
Selling now could yield significant profits for these whales, with potential increases ranging from 19.5% to 24.97%.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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