Whale activity has been gaining attention in the cryptocurrency market as Bitcoin is once again above the $120,000 level. Millions of dollars relocation and transactions utilized over the past 24 hours have been recorded.
According to the data, the whales deposited 1104 million USDC in high lipid exchange and purchased 2,584 ETH for $4,274.
Meanwhile, the famous Pepe whales sold 51 billion Pepe tokens, buying 1,112.37 ETH ($4.6 million) and 561,923 Eogen tokens and 188.62 ETH ($819,000). These ETHs were then converted to USDC, depositing 5.53 million USDC tokens in a decentralized cryptocurrency exchange, opening Aster (twice long) and XPL (three long) positions.
Another whale began a long position that was 3x leveraged with the pump token by depositing 5 million USDC.
Meanwhile, the surge in Bitcoin prices has placed its short position in difficult positions. The whale, with address 0x5D2F, deposited 12 million USDC to hedge a short position of 2,041 BTC ($241.8 million). The move has updated the new liquidation price to $123,410.
On the Ethereum side, some whales used the rise to earn profits.
- Trend research has deposited 24,051 ETH ($104.3 million) with Binance over the past nine hours.
- OTC Whale 0xD8D0 sold 20,830 ETH ($98.3 million) on WinterMute.
- Ethereum Early Investor 0x0Fea deposited 4,000 ETH ($17.31 million) with Kraken.
*This is not investment advice.
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