Sleeping Whales Awaken: Here Are the Altcoin Trades They Made Today

It has been observed that large whales have been moving intensively in the cryptocurrency market in recent hours. On-chain data reveals both large transfers from long-dormant wallets and large transactions between exchanges. A newly created wallet withdrew 10,009 ETH (approximately $41 million) from Binance. Similarly, another new wallet moved 5.01 million ASTER tokens ($7.65 million) from Binance to its cold storage.

Meanwhile, it was discovered that 11,885 BTC (approximately $1.34 billion) worth of assets belonging to the LuBianCom mining company, which had been dormant for three years, were moved to new ￰0￱ this development, the US Department of Justice (DOJ) reportedly continues to track the 127,271 BTC linked to the LuBian hack through a network known as the Prince Group, which is associated with cybercrime and forced labor ￰1￱ News: Binance Issues Statement Following Harsh Criticism: “FUD!” Short-term trading activity is also ￰2￱ days ago, a whale withdrew 5,255 ETH ($22 million) from ￰3￱ and sold it on the HyperLiquid exchange, opening a BTC short position with 5x leverage.

Today, the same address deposited $10 million in USDC, increasing its position to $140 million. Additionally, another newly created wallet withdrew $10 million in USDC from Coinbase, deposited $9 million of it into HyperLiquid, opened a 3x leveraged ETH long position, and purchased XPL with a $3 million TWAP order. Finally, a whale that had been inactive for 3 years realized its profit by investing its assets in Kraken: 2,538 ETH ($10.41 million) – approximately $11.13 million in profits from previous sales 3,142 LINK ($59,972) – approximately $56,000 profit *This is not investment ￰4￱ Reading: Sleeping Whales Awaken: Here Are the Altcoin Trades They Made Today