The cryptocurrency market has seen some notable whale activity in the last few hours. Millions of dollars in transfers, highly leveraged transactions, and the reactivation of long-inactive wallets suggest that market volatility may increase.
A newly created wallet withdrew 310 BTC (approximately $20.86 million) from Binance. This large transfer was interpreted as a possible move of assets to a cold wallet.
A whale known as “0x4A2” invested 2 million USDC in the decentralized derivatives platform HyperLiquid and opened a 20x leveraged long position on Ethereum (ETH) and Solana (SOL). The fact that this address, previously known to have lost over $6.88 million, opened another high-risk trade has drawn attention.
The wallet belonging to Alameda Research, which is undergoing bankruptcy proceedings, converted 129.04 million STG (approximately $26 million) into 11.14 million ZRO (approximately $25.96 million). These ZRO tokens were seen being sent to the market maker Wintermute approximately 12 hours ago.
Another whale named “HXXQk” realized a loss of $7.38 million by depositing 60,000 SOL ($4.42 million) into Binance. This account had previously withdrawn 111,945 SOL ($17.16 million) for staking purposes, and then returned it in exchange for $9.78 million.
A newly created wallet with address 0x5356 was used to bridge 5,424 ETH ($10.64 million) to buy gold via NEAR Intents. So far, 800 ETH ($1.57 million) has been spent to purchase 311 PAXG.
On the other hand, the “MixinHacker” account, which previously made headlines with a $200 million attack, has become active again after two years of silence. A total of 59,854 ETH ($117 million) was moved. Approximately 15 hours ago, 2,005 ETH ($3.85 million) was sent to Tornado Cash. Shortly after, three new wallets bought 2,087 ETH ($4.03 million) from Tornado Cash and sold these assets at $1,933.
*This is not investment advice.