Whales Selling PEPE Coin and These 3 Cryptos Are Buying Those 2 Coins!

While the cryptocurrency market is having an active day today, the processes of large investors continue to direct the market. Processes for cryptos such as PEPE coin, detected by on-chain data analysts and on-chain tracking platforms, give clues about which assets investors are interested in and how they manage their assets.

Giant companies took action

Well-known cryptocurrency trading company GSR Markets revealed its investment appetite today. According to the findings of on-chain information analyst @ai_9684xtpa, GSR deposited 3.5 million Ondo Finance (ONDO) tokens to the Bybit exchange. This measure corresponds to approximately 4.27 million US dollars. GSR has accumulated a total of 9 million ONDO since February at an average low price of $0.5718. If all the tokens deposited today are sold, GSR is expected to make a profit of $2.26 million from this investment. The company currently still holds 3.5 million ONDO tokens.

GSR also invested in the Binance exchange. According to data from the tracking platform called The Veri Nerd, GSR transferred 1.4 million Arbitrum (ARB) tokens worth approximately $1.28 million to Binance a few hours ago. A different move by GSR was to withdraw 4 million Pirate Chain (PIRATE) tokens from the Bybit exchange. This withdrawal was recorded as GSR’s first investment in the PIRATE token.

Amber Group is offloading its assets

While GSR was investing, another cryptocurrency trading giant, Amber Group, decided to waste its assets. According to the findings of on-chain information analyst Yu Jin, Amber Group withdrew a total of 987,000 Uniswap (UNI) tokens from Binance and Gate.io exchanges in the last 2 hours. The cost of this shooting process is approximately 10.36 million US dollars.

Data from the Lookonchain platform also confirms that addresses linked to Amber Group have exited the Binance exchange. According to Lookonchain’s findings, 987,000 UNI tokens (approximately $10.6 million) and 2,638 Ethereum (ETH) (approximately $9.2 million) were withdrawn from the addresses in question in the last 3 hours.

Other processes worth noting: There is also PEPE coin

There have been significant movements in the cryptocurrency market today, outside the processes of GSR and Amber Group. According to the findings of the Lookonchain platform, a $PEPE investor sold all his $PEPE assets at a loss. This investor purchased 114.7 billion $PEPE tokens in mid-May at an average price of $0.000011. When the price of the token reached $0.000017 at the end of May, the investor missed the opportunity to make a profit. Later, the price of $PEPE decreased and fell below the investor’s cost. As a result, the investor exited the market by selling all his $PEPE holdings for 366.5 Ethereum (approximately $1.27 million).

In another move, it was seen that a $BEER investor made a profit. This investor, who received 8.89 billion $BEER tokens from the fund allocation wallet of the $BEER team, but did not participate in the pre-sale, made a total profit of $1.3 million by selling some of his assets. The investor exchanged some of his profit for another token, $BONK.