Whale Activity Precedes Major Market Event
New blockchain analytics from Lookonchain reveals significant movement by a long-dormant Ethereum address (0x9c98) just hours before BlackRock's public announcement about token purchases.
The wallet, which had been inactive for 4 years, transferred exactly 4,390,000 UNI tokens to a newly created address (0xf129), representing over $14.75 million in value at current market rates.
Timing Raises Eyebrows
The transfer occurred shortly before BlackRock's official statement about their token acquisition plans. The temporal proximity has sparked intense discussion among blockchain observers.
Notably, the receiving address had no prior transaction history before this significant deposit.
- Token amount: 4,390,000 UNI
- Value: $14.75 million
- Timing: Hours before market announcement
- Address history: Dormant for 4 years
Market Implications Remain
Crypto analysts suggest this whale activity provides valuable insights into potential market movements, with the new address likely to become a key player in future token dynamics.