Although the cryptocurrency market faced intense selling pressure following the Binance hack, which resulted in losses of approximately $6.3 billion, the picture has turned green again in the last 24 hours.
Major cryptocurrencies, including Bitcoin and Ethereum, are on the rise again, with BTC climbing above $80,000.
With this recovery, market activity continues, and transfers made by whale wallets have also attracted attention.
According to Lookonchain, a cryptocurrency analytics platform, Trump Media, the company of US President Donald Trump, transferred 4,259 BTC worth $343.6 million to Crypto.com today.
According to Lookonchain, Chinese investor Chun (satofishi) sold 6,200 wstETH for 18.5 million USDC during the day.
In addition, addresses linked to a16z deposited 148,145 HYPE tokens worth $12.63 million into exchanges in the last 16 hours. According to the data, a16z, the largest institutional HYPE holder, has deposited a total of 233,000 HYPE tokens worth $20.60 million into exchanges to date. While exchange investments are generally considered to be for selling purposes, if the tokens were sold, the firm is estimated to have made a profit of approximately $1.14 million.
F2Pool co-founder Wang Chun is also among those trading altcoins. According to data, an address believed to belong to Wang Chun, starting with 0xF42B, reportedly sold approximately 7,740 ETH (worth $18.5 million) during the Ethereum surge on November 4th. The average selling price was reported as $2,390.
In contrast, according to Lookonchain data, a whale account opened a 10x leveraged long position on Chainlink. The position size is stated to be 450,000 LINK, worth approximately $5.18 million.
Finally, according to Lookonchain, Bitcoin miner MARA Holdings may also be selling BTC again. In the last 12 hours, MARA has transferred 1,650 BTC (worth $132.8 million) to Galaxy Digital, Copper, and other platforms.
*This is not investment advice.
