Chainlink (LINK), Pepe and Other Altcoins See Increased Accumulation by Whales on Binance: Lookonchain Insights

• Over the weekend, crypto whales reportedly withdrew large amounts of digital assets from Binance, the world’s largest crypto exchange by volume.
• Blockchain tracking firm Lookonchain reported that the withdrawn assets included Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR) and Ethereum Name Service (ENS).
• Web3 investment firm DWF Labs also transferred $2 million worth of the stablecoin USDC to a multi-sig safe wallet that already holds 10 million Polygon (MATIC) tokens.

Crypto whales make significant withdrawals from Binance, with Chainlink, Pepe, Uniswap, Maker, and Ethereum Name Service being the most affected. DWF Labs also transfers $2 million in USDC to a multi-sig safe wallet.

Whales Accumulate Digital Assets

According to Lookonchain, crypto whales withdrew significant amounts of PEPE, LINK, UNI, MKR, and ENS from Binance. Notably, 0x1A2E withdrew 322.48 billion PEPE ($2.78 million) on May 4th, while aavebank.eth withdrew 500,000 UNI ($3.75 million), 183,799 LINK ($2.62 million), 171 MKR ($500,000) and 31,139 ENS ($483,000) on the same day.