Over the past 24 hours, a big crypto whale has offloaded Ethereum ($ETH) in a huge amount for swaps in diverse crypto assets. As per the data from Onchain Lens, the whale has sold nearly $2.113M in $ETH to accumulate $AERO, $AIXBT, and $VIRTUAL, triggering several speculations among the crypto community members. These swaps are also significant and could raise interest in the above-mentioned crypto assets.
Whale Offloads 1,185 $ETH, Swapping for $VIRTUAL, $AERO, and $AIXBT
Onchain Lens’ data points out that the whale initially sold 1,185 $ETH, netting up to $2.113M in $USDC. Following that, the whale utilized the respective $USDC to accumulate several crypto tokens. They included $VIRTUAL, $AIXBT, and $AERO. Specifically, the whale accumulated 6,800 $VIRTUAL, 3.34M $AIXBT, and 2.92M $AERO tokens in total.
As the subsequent market activity indicates, out of the 3.92M $AERO tokens that the whale acquired, up to 2.44M $AERO have already been swapped. In this respect, the whale has swapped this amount, which accounts for a $1.66M, for approximately 996,566 $VIRTUAL tokens. As a result of this, the overall accumulated $VIRTUAL tokens stand at 1,003,366 at the moment. In line with the market data, the whale conducted these swaps through DEX aggregators as well as protocols like DcaProtocolProxy. Additionally, majority of the transfers comprised $AERO transactions into $VIRTUAL.
Despite Large Sell-Offs, Whale Still Possesses 2.9M $AERO
According to Onchain Lens, irrespective of huge $AERO sell-offs, the whale still owns 2.90M $AERO tokens. This amount underscores $1.91M in value at $0.66 as the per-token price. Moreover, with 1M tokens left in the whale’s holdings in $VIRTUAL, there is a possibility for further accumulation. Nevertheless, this whale activity has resulted in both opportunity and caution for the other investors seeking a volatile crypto environment.
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