The Giant Whale Who Made Huge Profit Suddenly Changed His Decision: He Sold the Altcoin He Made $72 Million In, and Bought This CZ-Backed...

Altcoins, along with Bitcoin, also fell this week. This decline prompted some investors to panic sell, while others bought on the dip.

At this point, a whale sold the altcoin that was in profit and invested in the altcoin supported by Binance founder CZ.

According to a post by blockchain analysis platform Lookonchain, a whale who was an early investor in Hyperliquid ($HYPE) sold some of his $HYPE tokens and transferred his money to another DEX, Aster.

According to Lookonchain, an early-stage whale holding over 2 million $HYPE sold $8.9 million worth of $HYPE and replaced it with Aster ($ASTER).

This early-stage whale purchased his $HYPE tokens for just $17.4 million.

While the current value of $HYPE tokens has reached $89 million, there are 1.8 million $HYPE tokens left in his possession worth $80 million.

$ASTER, which has gained 33% in the last 24 hours, continues to trade at $2.2.

Got Support from CZ!

Interestingly, CZ recently spoke highly of Aster. It's unusual for him to make such comments about cryptocurrency projects other than $BNB.

At this point, CZ shared an image showing the performance of the Aster ($ASTER) token running on the $BNB Chain and commented, “Well done, good start, keep improving.”

After CZ's support, $ASTER began to steal Hyperliquid's attention. BitMEX founder Arthur Hayes, who sold $HYPE tokens, also praised $ASTER, further boosting its name and price.

*This is not investment advice.