Exciting Updates from JUP Coin and 6 Altcoins

Key Takeaways

• A crypto whale withdrew 10,000 ETH from Binance, suggesting potential large-scale transactions.
• Abraxas Capital's withdrawal of 60,000 ETH from Bitfinex coincided with a notable increase in ETH price.
• Market maker GSR Markets withdrew 5 million ZRO from Binance just before a significant price surge.

The crypto markets have been witnessing increased activity, particularly from whales and major market players. Here's a breakdown of the most recent significant movements:

Whale Withdraws 10,000 ETH from Binance

A giant whale, who participated in the Ethereum ICO back in 2015, has made significant transactions recently. This whale deposited 7,000 ETH on Kraken. According to on-chain monitor Lookonchain, the same whale also withdrew 10,000 ETH (valued at $34.75 million) from Binance. Previous transactions suggest that this whale intends to deposit the 10,000 ETH to Amber Group.

Abraxas Capital Withdraws 60,000 ETH from Bitfinex

In a notable transaction, Abraxas Capital withdrew 17,000 ETH (worth approximately $3.387 million) from Bitfinex within the last 60 hours, as reported by SpotOnChain. Following this, the whale borrowed $119 million in stablecoins by lending ETH to Spark and subsequently deposited the stablecoins on Binance. This move coincided with a 3% increase in ETH price, leading to an unrealized profit of $6.27 million.

ICO Whale Deposits 7,000 ETH on Kraken

An ICO participant has become active after a long period of dormancy. According to EmberCN, this whale, who bought 254,900 ETH at $0.311 per ETH in 2015, deposited 7,000 ETH worth $24.28 million on Kraken. Despite this transaction, the whale still holds 40,000 ETH valued at $139.5 million.

GSR Markets Withdraws 5 Million ZRO from Binance

Market maker GSR Markets recently withdrew 5 million ZRO (approximately $13.9 million) from Binance, as tracked by Scopescan. This move occurred just before a 30% surge in ZRO's price, making ZRO the second largest asset in GSR’s portfolio.

Whale Sells 15,000 ETH of SNGLS for $62,000

Back in 2021, a whale sold 15,000 ETH worth of SingularDTV (SNGLS) for $62,000. Initially, this whale had participated in SingularDTV’s token ICO in October 2016, acquiring 12.93 million SNGLS tokens. Despite the tokens reaching a peak value in 2018, they were sold before SNGLS was delisted by Binance.

Jupiter (JUP Coin) Announces Active Staking Rewards

Jupiter (JUP Coin) has made several announcements regarding its ecosystem, Jupiverse. In the next two months, there will be three key votes and two token releases. In July, active staking rewards (ASR) will be introduced for users who participated in the proposals from March through June. 

Additionally, CLOUD tokens will be released on the LFG Launchpad, and the first major J4J vote will be held to reduce JUP Coin supply by 30%. August will see another vote regarding the continuation of Jupuaries, and Jupiter product users will receive JUP Coin airdrops. DeBridge will also issue DBR tokens on the LFG Launchpad, concluding with a final vote on the new J4J program elements.

Aave Collaborates with Aptos

Aave, in collaboration with Aptos, is extending its protocol beyond the EVM network. Stani Kulechov, founder of Aave, announced that they are working together to develop the first non-EVM codebase of Aave Protocol V3 on Move. This initiative, proposed by the Aptos Foundation, is part of Aave's 2030 plan and is currently in the "temperature check" phase, seeking feedback from the Aave governance community before moving forward.

FAQs:

• Who withdrew 10,000 ETH from Binance recently? A whale who participated in the Ethereum ICO in 2015 withdrew 10,000 ETH from Binance.
• What was the impact of Abraxas Capital's ETH withdrawal on the market? The withdrawal coincided with a 3% increase in ETH price, leading to an unrealized profit of $6.27 million for Abraxas Capital.
• What significant transaction did GSR Markets make recently? GSR Markets withdrew 5 million ZRO from Binance just before a 30% price surge in ZRO.

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