While the cryptocurrency market experienced a sharp decline yesterday following Donald Trump's announcement of 100% tariffs on China, on-chain data revealed intense whale activity.
According to the data, a whale spent approximately 4.97 million USDT to purchase 600.88 billion PEPE. The same wallet is believed to still hold 1 million USDC and is preparing for potential new purchases.
On the Ethereum side, large investors were observed accumulating. A newly created wallet with the address “0x8df” withdrew 24,409 ETH (approximately $93.18 million) from the Kraken exchange. The wallet then received an additional 8,914 ETH (approximately $34.1 million) from FalconX, bringing the total accumulated value to 28,933 ETH (approximately $110.69 million).
However, not every whale benefited from this volatility. The biggest liquidations of the day on the HyperLiquid platform also attracted attention:
- The whale with the short address “0xB8B” lost $26.46 million on its ETH long position.
- The whale with the short address “0x9AF” lost $21.46 million on his SOL long position.
- The whale with the short address “0xb2c” lost $17.2 million on its AVAX long position.
- The whale with the short address “0x89d” lost $16.32 million on its XPL long position.
- The whale with the short address “0xd5f” lost $15.38 million on its ETH long position.
A notable development also occurred on the Chainlink (LINK) side. A wallet that had been dormant for a long time, out of circulation, transferred approximately 18.75 million LINK tokens (approximately $387 million) to Binance. This transaction followed a four-month period of silence.
Finally, a whale that had been dormant for seven months has become active again. The address in question withdrew 2,870 ETH (approximately $11.86 million) from Binance and now holds a total of 4,623 ETH (approximately $19.12 million).
*This is not investment advice.
