en.bitcoinsistemi.com
The sharp decline in the cryptocurrency market has accelerated the actions of large investors, or whales. On-chain data reveals millions of dollars in position changes in the last 24 hours.
A notable trade occurred on Solana during the hours when selling pressure intensified in the market. A large whale with the short address DYzF92 exited the market after selling 33,366 $SOL, which he had purchased seven months earlier, for approximately $4.71 million. The investor acquired 32,083 $SOL for $4.94 million and earned 1,283 $SOL ($181,000) from staking during that time. Despite this, he closed his position with a total loss of approximately $230,000.
Another whale transaction within the Solana ecosystem involved Zcash ($ZEC). A $ZEC whale spent $30.1,000 today to purchase 3.22 million GHOST. The whale currently holds 944 $ZEC ($650,000) and has made over $334,000 in profit from $ZEC trading to date.
On the Ethereum side, large outflows are noteworthy. A whale withdrew 2,450 $ETH ($7.91 million) from Binance in the last hour. The same investor had also collected 2,560 $ETH ($7.96 million) and withdrawn it from the exchange two days earlier.
One of the most notable moves came from an investor known as the “66,000 $ETH debt whale.” The whale significantly narrowed his position by withdrawing 199,720 $ETH ($632.47 million) from Aave V3. He then sent 44,000 $ETH ($140.24 million) to Binance. These moves are interpreted as the investor beginning to close his long $ETH position.
*This is not investment advice.