Altcoins
“Smart Money” Whales Accumulate Two Binance AI Altcoins, Say On-Chain Analysts
Deep-pocketed investors are scooping up massive amounts of two artificial intelligence (AI)-linked altcoins, on-chain data suggests.
Lookonchain Blockchain Monitoring Service REMARK this Binance wallet linked to crypto investment company DWF Labs suddenly received a large amount from Fetch.ai (FETs), a decentralized machine learning project.
“Wallet ‘0x633c’ again transferred 1 million FET ($2.25 million) to DWF Labs Binance custodial wallet [on May 8th].
Wallet ‘0x633c’ received 5 million FET ($11.95 million) from Fetch.ai Foundation yesterday and deposited 2 million FET ($4.71 million) into DWF Labs’ Binance custodial wallet . [on May 8th].”
Fetch.ai is trading at $2.20 at the time of writing, down almost 11% in the last 24 hours.
Next, Lookonchain REMARK several whales accumulating large amounts of Render (RNDR), a project related to graphics processing units (GPU).
“The price of RNDR increased by 40% last week! Let’s check if whales and smart money are accumulating RNDR!
0x15CF withdrew 748,898 RNDR ($5.3 million) from Binance on April 30 and May 1, with a current floating profit of $2.24 million. He had already traded RNDR seven times, six of which were profitable, with a win rate of 85.7% and a total profit of $3.5 million!
0x1Cb7 had already won $480,000 on RNDR. It withdrew a total of 364,586 RNDR ($3.68 million) from exchanges over the past five days, with an average purchase price of $9.19.
0xCA9C withdrew 181,922 RNDR ($1.81 million) from Binance six days ago.
0xE61A withdrew 58,950 RNDR ($586,000) from Binance five days ago.
0x06b2 withdrew 50,973 RNDR ($510,000) from Binance [on May 8th] and currently holds 108,713 RNDR ($1.09 million).
Render is trading at $10 at the time of writing, down more than 6% in the last 24 hours.
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