Here’s What Major Altcoin Whales Did During the Drop – What They Bought and Sold

The cryptocurrency market has been particularly active in recent hours, with whales and large institutions showing signs of activity. On-chain data shows both individual whale investors and institutional giants reshuffling their positions.

The mysterious whale, or institutional investor known as “7 Brothers,” borrowed 20 million $USDC and used half of it to purchase 2,664 $ETH. A total of 10 million $USDC was used in this transaction, with an average purchase price of $3,754. The whale is believed to still have 10 million $USDC and therefore has the potential to purchase more.

Another major investor sold 91,356 AAVE at $225, earning 20.59 million $USDC.

Prominent investor Machi Big Brother (Jeffrey Huang) lost $234,000 after selling 2.02 million PNKSTR tokens for just 36 $ETH (approximately $141,000) following a series of liquidations in recent weeks. He then deposited 47.43 $ETH ($190,000) to open a 25x leveraged long position on the HyperLiquid exchange. Over the past 30 days, Machi's portfolio has gone from a $43.6 million profit to a $13 million loss, bringing his total portfolio losses to over $56.6 million.

There was also notable activity on the institutional front. Asset giant BlackRock deposited 272.4 BTC ($28.36 million) into Coinbase Prime five hours ago, then withdrew 12,098 $ETH ($45.47 million) from the same platform in the last hour.

The sharp market decline also sent one hacker into a panic. He sold 9,240 $ETH ($34.88 million) at $3,775, losing $4.56 million. According to on-chain data, this wallet had previously experienced similar losses with a “buy high, sell low” strategy.

A whale with the address 0xFB3B transferred 58.6 million $ASTER ($92.3 million) to Daniel Larimer's (EOS founder) Binance account. The investor, who bought at an average price of $1.57, still holds 14.1 million $ASTER ($18 million). His total loss exceeded $23 million.

*This is not investment advice.