Whale activity is drawing as much attention as price movements in the cryptocurrency market. Bitcoin, which surged above $80,000 last week, has since retreated to around $78,000. Volatility across altcoins is also influencing investor risk appetite, while transactions involving whale wallets holding $BTC and other tokens continue to attract scrutiny.
James Wynn opens 30x Bitcoin long position
According to cryptocurrency analysis platform Lookonchain, prominent whale James Wynn switched from a short position to a long position on Bitcoin. After closing his short at a loss, Wynn opened a 30x $BTC long position.
Whale loses $308,000 on $PONS trade
Another major whale drew attention through its activity in the altcoin $PONS. Lookonchain reported that the whale spent 181 $ETH, worth approximately $443,000 at the time, to purchase 7.99 million $PONS about a month ago.
After the price declined, the whale sold its entire $PONS position at a loss of $308,000. If it had held the tokens, the 7.99 million $PONS would now be worth $3.46 million, representing a potential profit of more than $3 million.
Whales accumulate and stake $HYPE
Mysterious whale address 0x6436 purchased 141,442 $HYPE tokens, valued at $11.88 million, today.
Another whale purchased 488,599 $HYPE at $35 per token five months ago, for a total value of $17.18 million. The whale has now staked all 488,599 $HYPE and currently holds $23.7 million in unrealized profit.
Ethereum whale sells $408 million in ETH
Finally, a mysterious Ethereum whale sold 167,855 $ETH worth approximately $408 million. The whale still holds 97,115 $ETH, valued at around $237 million.
This is not investment advice.
Leave a Reply