Transactions by high-volume investors in the cryptocurrency and financial markets continue to attract attention. According to on-chain data and information from market monitoring platforms, three independent large investors have recently taken multi-million dollar positions in ETH, SOL, HYPE, and CXMT.
The first whale made a significant profit by opening a large long position in Ethereum during the early stages of the current cryptocurrency rally.
The investor in question opened a long position of 20,000 ETH when the ETH price was around $1,936. The size of the position later grew to approximately $50 million, and the whale’s unrealized profit reportedly exceeded $11 million.
The investor, tracked by Lookonchain and associated with the address “0xedcd,” turned to Solana after their successful ETH transaction.
The whale opened a new long position of 100,000 SOL approximately half an hour ago using 20x leverage. The entry price was approximately $104.5, and the total position size was calculated at $10.45 million.
Thus, the whale, in addition to its approximately $50 million position in ETH, opened a new trade on Solana based on a high-leverage bullish expectation.
The second largest whale attracted attention with its aggressive purchases of Hyperliquid’s native token, HYPE. It is suggested that this whale or institution may be connected to a16z, but this claim has not yet been definitively confirmed.
The whale had previously purchased $24 million worth of HYPE tokens in June when the price was approximately $68.7.
Over the past 24 hours, a total of 36 million USDC has been deposited into the Hyperliquid platform via 12 different addresses believed to be linked to the investor.
Approximately $24 million of these funds have been used so far to purchase HYPE. A total of 282,090 HYPE were purchased, with an average purchase price of approximately $81.5.
The total amount of HYPE that whales or institutions have purchased and staked so far has reached 4.67 million tokens. The current value of these assets is approximately $381 million.
The average cost of the total position was calculated to be approximately $65.6, while the whale’s unrealized profit was reported to be approximately $74.4 million.
*This is not investment advice.
