- Whale 0x257 offloaded $7.96M in DeFi assets to Binance after long-term holding.
- Major profits: AAVE (+255%), LINK (+213%), UNI (+52%).
- Also deposited $EIGEN ($531K), claimed via ETH staking on EigenLayer.
A smart whale, identified as 0x257, made a significant move in the DeFi space, depositing $7.96M worth of assets to Binance just 8 hours ago. The transaction signals potential profit-taking in major DeFi tokens after a long-term holding period.
The whale had been accumulating AAVE, LINK, and UNI since mid-2022, and this sell-off locks in substantial profits across these assets.
Breakdown of Profits:
- $AAVE: 13,816 tokens ($3.54M) → +255% profit ($2.56M)
- $LINK: 161,463 tokens ($3.13M) → +213% profit ($2.13M)
- $UNI: 85,529 tokens ($758K) → +52% profit ($258K)
- $EIGEN: 289,399 tokens ($531K) (Claimed via EigenLayer ETH staking)
This whale’s timing and long-term strategy have paid off, highlighting how early accumulation of DeFi tokens can lead to massive returns when executed correctly.
Market Impact: What’s Next?
While this move doesn’t necessarily signal the end of the DeFi rally, large whale deposits to Binance often suggest potential selling pressure in the short term. Traders should watch AAVE, LINK, and UNI for possible price reactions following this significant deposit.
Meanwhile, $EIGEN, which was earned via staking ETH in EigenLayer, is a newer token in the whale’s portfolio, and its future moves could influence further DeFi activity.
