A crypto whale invested $24.7 million in Ethereum-based altcoins after the SEC approved a spot Ethereum ETH/USD ETF.

What Happened: The whale began accumulating altcoins like Lido LDO/USD, Uniswap UNI/USD, Aave AAVE/USD, Ethereum Name Service ENS/USD, and Fraxshare FXS/USD shortly after the approval, Daily Hodl reported on Monday. This move followed a previous purchase of 8,733 ETH at $3,054.56, resulting in an unrealized profit of approximately $6 million.

After the SEC’s approval, the whale deposited 19.75 million USDT to Binance and withdrew significant amounts of LDO, UNI, AAVE, ENS, and FXS, totaling $24.7 million. This resulted in an unrealized profit of around $1.1 million.

Another…

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