Whales in the cryptocurrency market attracted attention with their intense transaction traffic in recent hours.
A newly created wallet gave the first signal by withdrawing 1.88 million units of SPX (approximately $3.73 million) from the Bybit exchange.
Following this move, another large whale opened positions by depositing a total of $5.56 million in $USDC onto the HyperLiquid platform. The whale in question went long on BNB with 3x leverage and shorted $SOL and ZORA with 20x and 3x leverage, respectively.
Another whale deposited $11.37 million in $USDC on the same platform, opening a 2x long position for XRP and $SOL; he also executed a smaller 2x long trade for BONK.
Another interesting move came from a $FARTCOIN whale, who sold his 1.71 million FARTCOINs (approximately $2.28 million) for 790.41 million PUMP tokens.
Meanwhile, a new wallet received 38,603 $ETH (approximately $147.7 million). This wallet was identified as coming from an address that previously sent $ETH to SharpLink Gaming. Two days earlier, SharpLink Gaming reportedly received $145 million worth of $USDC from Circle and transferred this amount to various centralized exchanges via Galaxy.
*This is not investment advice.
coindesk.com