BlackRock Fund Withdraws 1.27T PEPE From Binance After Gaining $2.39M Profit

Key Points:

• BlackRock Fund’s recent activity may indicate a change in investment strategy that could impact the market.
• A dormant whale staked 4,032 $ETH after creating a contract, suggesting a shift in investment strategy.
• Lookonchain’s previous findings suggest that the 5th holder of $SHIB and $DOGE is Jump Trading or a partner, holding a significant amount of each.

Recently, Lookonchain discovered some exciting activity within the market that can shed light on the behavior of major players. In one case, BlackRock Fund withdrew 1.27T PEPE ($1.98M) from Binance to 4 newly-created addresses.

The fund had previously bought 1T PEPE ($244K at that time) on April 21 and sold all 1T PEPE ($2.63M at that time) on May 5, making a profit of ~$2.39M (10x). This activity may indicate a change in investment strategy for the fund, and it’s crucial to understand these actions and the potential impact they may have on the market.

In addition to BlackRock Fund’s activity, a whale dormant for 2.4 years staked 4,032 ETH ($7.4M) after creating a contract 3 hours ago. This whale is an Ethereum ICO participant who received 60K ETH at Genesis, and this recent activity may indicate a shift in investment strategy.

It’s essential to note that BlackRock Fund and the whale’s movements are subject to change and may not necessarily reflect the current state of affairs. As always, it’s essential to carefully consider all available information before making any investments or decisions in the cryptocurrency market.

Furthermore, Lookonchain previously shared some interesting findings on SHIB and DOGE. The 5th holder of SHIB and the 5th holder of DOGE are the same person, either Jump Trading or a partner of Jump Trading. This entity holds 20T SHIB ($176M) and 3.4B DOGE ($248M).

“0x73AF” transferred 20T SHIB ($176M) to “0x40B3” in 4 transactions, and “0x40B3” became the 5th holder of $SHIB. Almost simultaneously, “DDuX” transferred 3.4B DOGE ($248M) to “DEgD” in 4 transactions, and “DEgD” became the 5th holder of DOGE. “0x73AF” received 310K ETH ($563M) from Jump Trading “0x0716” and Jump Trading “0xeA3e,” which may be the internal address of Jump Trading or a partner of Jump Trading.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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