List of Flash News about jez wallet
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2025-05-07 03:20 |
Major Crypto Whale Moves: jez Sells $ETH, $AAVE, $MKR and Accumulates $WBTC – Trading Implications and Market Impact
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. |