Altcoin Whales Have Been Very Active in Recent Hours – Here Are Their Trades

The cryptocurrency market has seen some notable whale activity in the last few hours. Millions of dollars in transfers, highly leveraged transactions, and the reactivation of long-inactive wallets suggest that market volatility may increase.

A newly created wallet withdrew 310 BTC (approximately $20.86 million) from Binance. This large transfer was interpreted as a possible move of assets to a cold wallet.

A whale known as “0x4A2” invested 2 million USDC in the decentralized derivatives platform HyperLiquid and opened a 20x leveraged long position on Ethereum ($ETH) and Solana ($SOL). The fact that this address, previously known to have lost over $6.88 million, opened another high-risk trade has drawn attention.

The wallet belonging to Alameda Research, which is undergoing bankruptcy proceedings, converted 129.04 million STG (approximately $26 million) into 11.14 million $ZRO (approximately $25.96 million). These $ZRO tokens were seen being sent to the market maker Wintermute approximately 12 hours ago.

Another whale named “HXXQk” realized a loss of $7.38 million by depositing 60,000 $SOL ($4.42 million) into Binance. This account had previously withdrawn 111,945 $SOL ($17.16 million) for staking purposes, and then returned it in exchange for $9.78 million.

A newly created wallet with address 0x5356 was used to bridge 5,424 $ETH ($10.64 million) to buy gold via NEAR Intents. So far, 800 $ETH ($1.57 million) has been spent to purchase 311 PAXG.

On the other hand, the “MixinHacker” account, which previously made headlines with a $200 million attack, has become active again after two years of silence. A total of 59,854 $ETH ($117 million) was moved. Approximately 15 hours ago, 2,005 $ETH ($3.85 million) was sent to Tornado Cash. Shortly after, three new wallets bought 2,087 $ETH ($4.03 million) from Tornado Cash and sold these assets at $1,933.

*This is not investment advice.