Big Movement in Bitcoin (BTC) and Altcoins! Whales Made Multi-Million Dollar Transactions: Here Are Their Preferred Altcoins!

Bitcoin and altcoins are once again facing a sell-off. This selling pressure has pushed $BTC back below $82,000, while Ethereum has fallen to around $2,400. This has also affected altcoins, and the resulting volatility has reshaped investors’ risk appetite. Transfers made by whale wallets have also attracted attention.

According to Lookonchain, a cryptocurrency analytics platform, an anonymous whale, believed to be an institutional investor, sold Bitcoin and bought $ETH. Specifically, the mysterious whale sold 246.25 $BTC (20.64M) and then purchased 8.286 $ETH (20.64M).

This whale sold a total of 1,917.7 $BTC (159M) and bought 64,545 $ETH (155M) in the last 11 days.

According to Lookonchain, another whale bought approximately $7.22 million worth of $ETH and eight altcoins in the last 24 hours.

According to the data, the altcoins he acquired were listed as follows: “378,129 LIT (approximately $1.4 million), 6.61 million ENA (approximately $1.34 million), 3 million ONDO (approximately $1.34 million), 1.154 million AERO (approximately $948,000), 241.8 million $ETH (approximately $591,000), 2.944 million QNT (approximately $589,000), 61.252 million UNI (approximately $443,000), 1.387 million TAO (approximately $368,000), and 43.3 billion PEPE (approximately $195,000).”

According to Lookonchain, whales are accumulating $ETH. Whale address “0x4A85” withdrew 10,954 $ETH ($26.97 million) from Kraken and staked it after 4 months of inactivity. Whale address “0xdeA6” withdrew 9,000 $ETH ($22.42 million) from Binance and deposited it into Aave. Whale address “0xD338” withdrew 4,500 $ETH ($11.29 million) from Binance.

Meanwhile, whales continue to accumulate $BTC. According to Lookonchain, four more newly created wallets have received 1,127 $BTC ($93.45 million) from Wintermute.

Whale wallets are also trading in $MAGMA, an altcoin that surged over 70% today. Accordingly, two wallets opened 2x long positions on 1.5M $MAGMA (775K) via Aster and currently have $340,000 in unrealized profits.

*This is not investment advice.