New wallets and first-time accumulators have withdrawn a staggering $76.95 million worth of six Ethereum ecosystem tokens from crypto exchanges (CEX) over the past week. The Ether tokens involved in these massive withdrawals include Lido DAO (LDO), Ethereum Name Service (ENS), Ethena (ENA), Pepe Coin (PEPE), Uniswap (UNI), and Aave (AAVE).<\/p>\n
This surge in activity for Ether tokens comes amid optimism after the recent Spot Ethereum ETF approval. Hence, it sparks speculation that the altcoin season might be making a comeback. Thus, here\u2019s an overview of the latest accumulation made by new wallets:<\/p>\n
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Ethena Takes The Lead<\/h2>\n
Ethena led the charge, with a 31.05% increase over the last seven days. Three new multisignature wallets withdrew 54.31 million ENA, valued at $45.61 million. Notable transactions included one from wallet \u201c0xe68,\u201d which withdrew 34.65 million ENA and netted a profit of $3.2 million within a week. Additionally, wallets \u201c0xc7e\u201d and \u201c0x8be\u201d jointly withdrew 19.66 million ENA, generating $657,000 in just 24 hours.<\/p>\n
Pepe Coin Soars 45% In A Week<\/h2>\n
Pepe Coin witnessed the most substantial percentage increase among the tokens, with a 45.5% rise over the past week. Whale wallet \u201c0x837\u201d made headlines by withdrawing 982.6 billion PEPE, worth $13.55 million, from Binance in the past two days.<\/p>\n
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This whale, who likely acquired PEPE at a lower price, contributed to the significant price surge, realizing a profit of $594,000, reflecting a 4.39% gain. However, the PEPE price is currently in the red. At press time, the Pepe Coin price dropped 4.55% to $0.00001376 on Friday, May 24.<\/p>\n
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Ethereum-Based Lido DAO Gains Momentum<\/h2>\n
Lido DAO saw a 37.6% increase in value over the past week. According to Spot On Chain insights, six new wallets and whales withdrew 4.3 million LDO, equivalent to $9.59 million, from Binance within the last 24 hours. This activity highlights a growing interest in LDO as investors move their holdings to private wallets.<\/p>\n
Aave & Uniswap Follow Suit<\/h2>\n
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Moreover, Aave and Uniswap also experienced notable activity. Over the week, the Aave crypto rose by 16.5% over the week, with two whales, \u201c0x201\u201d and \u201c0xcd0,\u201d withdrawing 39,762 AAVE, valued at $4.06 million, from Binance approximately seven hours ago. Meanwhile, Uniswap saw a 28.5% increase, with whale wallet \u201c0xbbd\u201d withdrawing 214,465 UNI, worth $2.08 million, at a price of $9.69 per token, about six hours ago.<\/p>\n
Ethereum Name Service Mirrors Sentiment<\/h2>\n
ENS recorded the highest weekly percentage increase at 72.3%. Whale wallet \u201c0x43c\u201d withdrew 82,041 ENS, valued at $2.06 million, from Binance at $25.13 per token around seven hours ago, marking a significant transaction for the week.<\/p>\n
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