Whale Activity Detected in On-Chain Data: Here Are the Altcoins They Are Buying and Selling

Cryptocurrency onchain data revealed that some whales made interesting transactions in altcoins today.

According to the data, a crypto whale made a $2 million purchase of Fartcoin ($FARTCOIN), which he had previously sold in full. The transaction was made at an average token price of $1.25. This crypto whale made a profit of $368,500 in the previous $FARTCOIN trade.

In addition, Nasdaq-listed company Metalpha was observed withdrawing 18,000 Ethereum ($ETH) worth $48.05 million via Binance. The company moved these $ETH to Spark and then borrowed $12 million in USDS and $8 million in DAI stablecoins before converting them to $USDC and depositing them back into Binance.

The latest crypto whale used his $11.8 million worth of Solana (SOL) as collateral on Kamino and borrowed $4 million. The whale then bridged these $USDC tokens and deposited a total of $4.94 million worth of $USDC to decentralized crypto exchange Hyperliquid. With these funds, the whale wallet purchased and staked 126,353 HYPE tokens at an average price of $39.1.

*This is not investment advice.