In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Related Reading: Ready To Strike? Bitcoin Poised For A Big Move After Major Consolidation Whale Deposits $21 Million In DeFi Tokens To Binance On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around $13 million in crypto to Binance. After a year of holding, The whale sent 3,800 Maker (MKR) and 20,000 Aave (AAVE) to Binance. The firm later revealed that the whale was seemingly Tron founder Justin Sun. Three of the 13 addresses believed to be owned by Sun were wallets that conducted the transfers. Per the post, the whale deposited $21 million worth of 4 DeFi tokens to Binance in 30 minutes. The addresses sent 93,979 AAVE, worth around $11.26 million, and 3,800 MKR tokens. The addresses purchased the MKR tokens in June 2023 for $2.43 million, acquiring the 3,800 tokens at an average price of $641.81. Meanwhile, the AAVE tokens were bought ..
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