DeFi

Institutional crypto firm Anchorage Digital accumulates eight digits of Ethereum DeFi coin: Lookonchain

Published

9 months ago

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Crypto bank Anchorage Digital is gaining attention for suddenly accumulating massive amounts of a decentralized finance (DeFi) altcoin.

Blockchain tracking company Lookonchain said that Anchorage Digital used 13 wallets over the past month to accumulate more than $49.4 million in MKRthe native token of the DeFi protocol maker.

The most recent purchases took place on Monday, with Anchorage Digital using two newly created wallets to acquire $6.28 million worth of MKR from Binance, according to Lookonchain.

MKR is trading at $2,816 at the time of writing, down 1.4% in the last 24 hours.

Lookonchain too REMARK a savvy, deep-pocketed investor made a quick $3 million after buying a massive amount of Bitcoin (BTC) during last week’s market correction, when the leading crypto asset plunged into the high $50,000 range.

“Win over $3 million in just four days!” The whale that bought BTC below [on May 3rd] deposited 767 BTC ($48.46 million) on Binance for profit [on May 6th]. After the market crash, he withdrew 767 BTC ($45.44 million) at $59,226 BTC from Coinbase on May 3.

Address: 1PGncMc8diiELpe4JAVCY51fcQ215JegAF.

Source: Lookonchain/X

Bitcoin is trading at $62,395 at the time of writing, down 1.6% in the last 24 hours.

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