---
title: "XRP, ETH, or BTC – What Do Whales Withdraw From Binance Amid Latest Rally? (Data)"
url: https://diffcoin.com/xrp-eth-or-btc-what-do-whales-withdraw-from-binance-amid-latest-rally-data/
description: "The past seven days brought some mind-blowing price surges, and this one whale seems to have taken advantage."
published: 2023-11-11
updated: 2023-11-11
author: "Mila"
site: "Diffcoin"
---

# XRP, ETH, or BTC – What Do Whales Withdraw From Binance Amid Latest Rally? (Data)

**TL;DR**

- The cryptocurrency market has seen a notable resurgence in the past several weeks, and on-chain data reveals that whales have been actively accumulating.
- However, Lookonchain data shows that some larger investors might have preferred to purchase lower-cap altcoins rather than well-established giants like BTC and XRP.

![whale_cover](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjAxIDcyMCIgd2lkdGg9IjEyMDEiIGhlaWdodD0iNzIwIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMSUyRjEyJTJGd2hhbGVfY292ZXIuanBnIiBkYXRhLXc9IjEyMDEiIGRhdGEtaD0iNzIwIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

## Whale Going After These Tokens

In a recent X post starting with “What tokens do whales buy,” the popular on-chain monitoring resource tried to answer one of the most asked questions from the retail investment cohort. While large investors typically tend to go for bigger cryptocurrencies, a relatively new wallet, which was the object of Lookonchain’s investigation, spent $15 million to accumulate some quite compelling and unexpected assets.

Although their buying spree included well-known tokens from the top 100 largest ones like MKR, ETH, 1INCH, and UNI, their biggest withdrawal from Binance was – Illuvium (ILV).

> What tokens do whales buy?
> 
> A fresh wallet withdrew ~$15M assets from [#Binance](https://twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw) in the past 7 days, including:
> 
> 40,000 [$ILV](https://twitter.com/search?q=%24ILV&src=ctag&ref_src=twsrc%5Etfw)($3.55M) 
> 2,609 [$MKR](https://twitter.com/search?q=%24MKR&src=ctag&ref_src=twsrc%5Etfw)($3.38M) 
> 1,543 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw)($3.17M) 
> 6.4M [#1INCH](https://twitter.com/hashtag/1INCH?src=hash&ref_src=twsrc%5Etfw)($2.4M) 
> 352,240 [$UNI](https://twitter.com/search?q=%24UNI&src=ctag&ref_src=twsrc%5Etfw)($1.87M) 
> 60,774 [$ENS](https://twitter.com/search?q=%24ENS&src=ctag&ref_src=twsrc%5Etfw)($546K) 
> 49,997 [$LQTY](https://twitter.com/search?q=%24LQTY&src=ctag&ref_src=twsrc%5Etfw)($71K) [pic.twitter.com/OBTyqfK57y](https://t.co/OBTyqfK57y)
> 
> — Lookonchain (@lookonchain) [November 11, 2023](https://twitter.com/lookonchain/status/1723254634188607848?ref_src=twsrc%5Etfw)

ILV is currently positioned outside of the top 100 largest digital assets, with a market cap of $333M. However, the asset is up by 50% over the past seven days, and there are a few notable events related to the project. On one side, Binance Futures said it will launch ILV futures trading, and on the other, the protocol [announced](https://twitter.com/illuviumio/status/1722235730695799152) it will be added to Epic Games later this month.

The whale’s purchase could be related to these developments, and the fact that they withdrew over $3.5 million worth of ILV means that they could be preparing to hold for a longer period.

ENS ($546K) and LQTY ($71K) – which the whale also withdrew from Binance – are also currently outside of the top 100 cryptocurrencies by market cap.

## ETH’s Rally

The largest and most well-known token purchased and withdrawn by the anonymous whale was ETH. They withdrew more than $3 million worth of the second-largest cryptocurrency during one of the most positive weeks for the asset in terms of price performance in a while.

Amid speculations that BlackRock is preparing to file for a spot Ethereum ETF, the token went on a massive surge, gaining over $200 in hours at one point. This resulted in breaking above $2,100 for the first time in seven months.

Despite losing some traction since then, ETH still trades north of $2,000 and is up by more than 11% on a weekly scale.

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[Source link](https://cryptopotato.com/xrp-eth-or-btc-what-do-whales-withdraw-from-binance-amid-latest-rally-data/)