Huge Whales Are Highly Active: Here Are Their Transactions, Altcoins Bought and Sold Today

Large-scale transactions made by whales and institutional investors in the cryptocurrency market today attracted attention. Here are the prominent transactions of the day:

• On April 27, a mystery whale purchased 30,000 Ethereum ($ETH) via over-the-counter transactions for a total of $54.9 million at $1,830. The same whale also purchased 600 Bitcoin ($BTC), paying $56.94 million for the transaction.
• Just three hours ago, the same whale sold 30,000 $ETH at $2,621, making $78.63 million and a net profit of $23.73 million. The remaining 600 $BTC are still unsold, currently worth $66.5 million and currently showing a profit of $9.6 million.
• DWF Labs, one of the active market makers in the market, deposited 25.77 million ASTR tokens (approximately $802,000) into staking by withdrawing them to its on-chain staking wallet.

• Short address 0x83c6, which earned $3.96 million by selling 2,522 $ETH at $1,570 about a month ago, made an interesting move today. The same wallet spent $3.8 million this time by buying 1,425 $ETH at an average price of $2,670. With this move, the whale wallet lost approximately $2.67 million by selling at the wrong time.
• Two wallets believed to be affiliated with Abraxas Capital (0xB83D and 0x5b5d) opened short positions for $BTC, $ETH, and $SOL on the Hyperliquid platform. The institution, which has short positions totaling 2,572 $BTC ($288 million), 57,317 $ETH ($151 million), and 504,957 $SOL ($89.4 million), currently appears to have an unrealized loss of over $25 million. These transactions are likely being made for the purpose of hedging against spot portfolios.
• A newly created wallet withdrew 200,010 $SOL from the Kraken exchange, converting a total of $35.37 million worth of assets into JitoSOL for liquid staking.

*This is not investment advice.