Whales reportedly had a profitable weekend as they devoured millions of dollars worth of digital assets from the popular crypto exchange, Binance. According to blockchain tracking firm Lookonchain, on Saturday, crypto whales made significant withdrawals of various tokens from Binance, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR), and Ethereum Name Service (ENS). For example, on May 4th, 0x1A2E withdrew 322.48 billion PEPE ($2.78 million) from Binance, 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) from the exchange.

Furthermore, Lookonchain discovered that DWF Labs, a web3 investment firm, transferred $2 million worth of the stablecoin USDC to a multi-sig safe wallet that already holds 10 million Polygon (MATIC) tokens.

In late April, Lookonchain also uncovered a remarkable gain made by two whitelisted wallets on a meme asset built on Base, Coinbase’s Ethereum layer-2 scaling solution. Whitelisted wallets are addresses that have been authorized to participate in specific crypto events. The wallets spent 0.034 ETH worth $102 to purchase a total of 172.56 million BRETT (BRETT) tokens in February. They later sold the BRETT tokens for 890.65 ETH worth $3.14 million, resulting in massive gains of 30,080 times their initial investment.

It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor.