"This is the mindset we want, not when it goes up and buys, but when it goes down, we are afraid."
Wallet the new one withdraw $17.43 million worth of cryptocurrency from Binance while the digital asset sector has fallen has shown that there is whales took advantage of the decline to buy a variety of altcoins .
Among the most crypto withdrawals are 48,922 Avalanche (AVAX) worth $1.86 million followed by 621,003 Fetch.ai (FETCH) worth $1.45 million including 5.14 million The Graph (GRT) worth $1.44 million, 1.9 million Polygon (MATIC) worth $1.41 million and 532,444 Optimisme (OP ) which cost $1.29 million.
Chainlink (LINK) and Dogecoin (DOGE) are also among the altcoins issued where each has issued 68,598 tokens worth $993,000 and 5.3 million worth $851,000.
Even so, wallet without wasting time bought 134,751 Render tokens (RNDR) worth $1.26 million, 174,421 Polkadot (DOT) worth $1.23 million and 1.6 million Fantom (FTM) totaling $1.15 million.
Not only that, crypto is less known like Pendle(PENDLE), Gala (GALA), Aavegotchi (GHST), Aevolve (AEVO) and dYdX (DYDX) also saw significant gains including 124.6 billion Pepe Coin (PEPE) worth $681,000.
Various types of crypto acquired by new wallets show that whales are not only focusing on established projects but still looking for potential in newer digital assets as well as lesser known and not forgotten also take the opportunity to collect altcoins at a discount price.
Likely to be informed of the large withdrawal from Binance by the wallet highlights the importance of tracking large transactions on the crypto exchange as well as providing valuable insight into the strategies and sentiments of influential market players.
