Big Whales Are Quite Active: Here Are Their Altcoin Trading Activities in Recent Hours

Whale activity has been notable in the cryptocurrency market in recent hours. Large volumes of trading and stock market movements have caught investors' attention.

A newly created wallet withdrew 21,925 $ETH from the Kraken exchange, completing a transaction worth approximately $102.24 million.

There was also intense activity on the $PUMP side. A whale spent 3.22 million $USDC to purchase 426.43 million $PUMP in the last 36 hours. This transaction occurred at a price of $0.00755 per token, while the same whale had deposited 1.23 billion $PUMP ($7.27 million) into Binance just two days prior.

Meanwhile, another whale opened highly leveraged positions by depositing 5 million $USDC on the Hyperliquid platform. His positions included 40x leverage on Bitcoin, 20x leverage on Solana, 10x leverage on FARTCOIN, 5x leverage on $PUMP, and 3x leverage on LAUNCHCOIN.

According to analysis firm Lookonchain, there has been strong whale interest in the $MERL token in recent days. Two whales with short addresses 0x7Dac and 0xB5eE have withdrawn a total of 98.24 million $MERL tokens (approximately $14.9 million) from exchanges in the last six days.

Meanwhile, it was learned that the hacker who stole over $300 million from Coinbase users recently engaged in panic selling. He sold off 3,976 $ETH ($17.98 million) at $4,522, a loss of $932,000 in just two days.

On the institutional side, a major Solana purchase stood out. In a transaction brokered by Galaxy Digital, Forward Industries purchased 6,822,000 $SOL ($1.58 billion) over the past five days. Following this massive purchase, which averaged $232, an additional $67 million in $SOL purchases are still expected.

Soloxbt.sol, one of the market's legendary on-chain investors, has recently made headlines with its gains. The investor achieved a 101x return on the KIND token and a 174x return on the Bagwork token, totaling $4.6 million in profit. Soloxbt.sol spent 34.3 $SOL ($6,942) on the KIND trades and acquired 25.08 million tokens, earning $702,000. On the Bagwork side, the investor invested 19.6 $SOL ($4,377) and amassed 23.87 million tokens, earning a notable $762,000 profit.

However, it is important to remember that many cryptocurrency whales manipulate the market and that cryptocurrencies, especially leveraged transactions, are very high risk.

*This is not investment advice.