As the Market Plummets, Giant Altcoin Whales Get Active – Here Are Their Latest Trades

The cryptocurrency market is also buzzing as whales engage in large-scale transactions. Dormant wallets have resurfaced, new whales are making strategic moves, and long-term holders are adjusting their portfolios. Here’s a breakdown of the latest whale activity:

• A seven-year-old wallet identified as 0xbc8, linked to Ethermine, has made a remarkable comeback after three years of partial dormancy. The wallet has withdrawn 2,692 $ETH ($5.01 million) from OKX, sparking speculation about potential future trades or investments.
• A newly activated wallet, 0x7c9, has withdrawn 2.4 million OM ($15.54 million) from Binance at an average price of $6.47. Further analysis reveals that wallet 0x699 has withdrawn 0.499 $ETH from Binance over the past 16 days, funding gas fees for four wallets with OM trading history since January 23, 2024. Currently, 11.64 million OM ($75.39 million) is held in two of these four wallets.

• A new whale identified as 2fyep withdrew 201,755 SOL ($24.98 million) from Binance at an average price of $123.81. Notably, the whale immediately deposited the entire amount, indicating a long-term investment strategy.
• Well-known whale 0xc6f has continued to sell $LINK, most recently selling 217,421 $LINK at an average price of $13.29 for $2.88 million $USDC. Since resuming activity on March 11, 2025, after a 4.5-month hiatus, the whale has sold a total of 356,665 $LINK at an average price of $12.88 for $4.59 million $USDC. However, $LINK holdings have now significantly decreased, with only 7,917 $LINK ($106K) remaining across two wallets, predominantly held by 0xc6f.

*This is not investment advice.