With the end of June approaching and market activity intensifying in anticipation of the potential launch of a spot Ethereum ETF in July, crypto whales are piling up various assets.
Lido (LDO) whales increase their holdings
Read (LDO), the management token of Lido Finance, the largest liquid staking protocol of Ethereum by Total Value Blocked (TVL), trading at $2.36 at the time of writing.
As expectations for an S-1 filing for the spot ETH ETF grow in the coming weeks, whales are piling up LDOs anticipating a price spike after the ETF’s launch.
The number of LDO whales holding between 1,000,000 and 100,000,000 tokens has increased by 2% in the past week, now numbering 114 investors. Notably, on June 15 this number had fallen to a YTD low of 111 addresses, but the potential for a spot Ethereum ETF spurred increased LDO purchases.
Aave (AAVE) is experiencing a surge in large transactions
AAVE (AAVE), the management token of the popular decentralized credit crypto platform, has seen a significant increase in the volume of large transactions.
Over the past month, AAVE’s daily transactions between $10,000 and $100,000 have grown by 128%. Transactions valued between $100,000 and $1 million increased by 186% during the same period.
Toncoin (TON) is seeing a serious whale build-up
Toncoin (TON) has risen 19% over the past 30 days, reaching an all-time high of $15 on June 8.24. At the time of writing, TON is trading at $7.70.
As holders expect further upside, TON whales have intensified their accumulation. The data reveals that the number of TON investors holding between 10,000,000 and 100,000,000 tokens has increased by 12% in the last 30 days.
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