Whales Are Buying Wildly Amid Bitcoin's Drop! They're Buying Ethereum (ETH) and This Altcoin!

The downtrend in Bitcoin and altcoins continues. This decline is driving some investors to panic sell, while others, seeing the decline as an opportunity, are buying at a lower price.

At this point, whales are frantically buying Ethereum ($ETH).

According to Lookonchain's post, despite the sharp decline in the $ETH price, whales are taking advantage of this opportunity and buying $ETH at a lower price.

Accordingly, Lookonchain first said that 15 wallets purchased 406,117 $ETH worth $1.6 billion from Kraken, GalaxyDigital, BitGo, and FalconX in the last two days.

An OTC whale also purchased 60,333 $ETH worth $238.7 million at an average price of approximately $4,230 over the last seven days. This whale has a loss of over $16 million.

While whales are buying nearly $2 billion, taking advantage of the drop in $ETH, other whales are also buying $XPL.

According to Lookonchain's post, one whale sold $HYPE and bought $7.9 million worth of $XPL, while two whales bought $12.2 million worth of $XPL.

“Whales are buying $XPL.

0x8393 sold 249,999 $HYPE (worth $10.5 million) and bought 7.92 million $XPL.

0xcc07 deposited 6.27M $USDC into Hyperliquid and bought 5.28M $XPL at $1.19.

0xF555 deposited 6M $USDC into Hyperliquid and bought 5.7M $XPL at $1.05.”

*This is not investment advice.