Cryptocurrency onchain data revealed that whale wallets made a large number of Bitcoin and altcoin transactions today.
According to the data, a major crypto whale deposited $20 million worth of USDC stablecoin into decentralized cryptocurrency exchange Hyperliquid and used $5.97 million of that to purchase the exchange’s HYPE token. The whale wallet purchased a total of 165,366 HYPE, paying an average of $36.08 for each token.
At the time of writing, the HYPE price is trading at 36.04, almost at the level where the whale wallet made the purchase.
On the other hand, another crypto whale withdrew 600 BTC worth a total of $64.22 million via Binance. This whale had purchased 2,500 BTC from Binance over the past month and transferred it to his cold wallet. The whale, who paid a total of $267.77 million, is currently at a loss of $2.18 million.
Finally, the third crypto whale withdrew 5,190 ETH worth $12.57 million from Binance in the last 36 hours and deposited them to the Aave V3 platform after a 7-month dormant period.
*This is not investment advice.
