According to on-chain data, a giant cryptocurrency whale has been making large purchases on Binance and sending coins to its own wallet since October. The whale in question has been regularly purchasing the dYdX (DYDX) altcoin on Binance since October 18, 2022.
Whale made its last purchase on January 20, purchasing approximately 1 million dollars worth of altcoins. The whale, which has purchased a total of 9.5 million dYdX tokens since October, has a total of 21.2 million dollars in dYdX tokens.
On average, the whale has made purchases since October at 1.62 dollars. At the time of writing, the dYdX altcoin price is trading at 2.24 dollars, with a 2.28% drop in the last 24 hours. It is noteworthy that the last purchase of the whale came just before the recent rise experienced by the dYdX token.
Source: https://www.investing.com/news/cryptocurrency-news/aave-matic-dydx-sees-huge-whale-transaction-spikes-2989837
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