According to Lookonchain, a wallet associated with jez (@izebel_eth) executed significant trades by selling 1,002 ETH ($1.77M), 10,000 AAVE ($1.71M), and 1,000 MKR ($1.44M), then reallocating the capital to purchase 50 WBTC ($4.79M) (source: Lookonchain via Twitter, May 7, 2025). These large-cap altcoin sales and the shift into wrapped Bitcoin signal a rotation from Ethereum and DeFi tokens into Bitcoin-backed assets. Such whale activity often influences short-term price volatility and may indicate a strategic preference for Bitcoin exposure over DeFi tokens, potentially impacting liquidity and sentiment for ETH, AAVE, and MKR markets. Traders should closely monitor on-chain flows for similar moves as they may foreshadow further capital rotation in the crypto market.

According to Lookonchain, a notable whale who previously secured over $7.5 million trading Fartcoin has invested an additional 390,000 USDC to purchase 4.47 million AVA tokens today. This latest transaction brings the whale's total AVA holdings to 29.58 million tokens, currently valued at approximately $2.44 million. The position reflects an unrealized profit of $1.12 million, signaling strong conviction and potential for further price action in AVA. Traders should closely monitor whale activity and AVA price movements for potential trading opportunities. (Source: Lookonchain on X, May 5, 2025)