The cryptocurrency market has seen notable whale activity in recent hours.
Transfers and trading by large investors have been scrutinized for market direction.
According to the data, a wallet affiliated with LonglingCapital deposited a total of 12,000 ETH ($53.38 million) worth of assets to Binance over the past three days. With the latest transactions, 5,000 ETH ($21.73 million) was transferred in the last hour alone. The wallet still holds 74,090 ETH ($322.6 million).
Another whale spent 5.05 million USDC to buy 3.59 million AERO at an average price of $1.40. At the time of writing, the price is $1.33.
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Meanwhile, a whale, after a month or so of delay, opened a 3x leveraged short position on HYPE by depositing 4 million USDC on the Hyperliquid exchange. At the same time, he implemented a two-sided strategy to buy HYPE by placing a $2.5 million TWAP buy order on the spot market.
The Royal Government of Bhutan has transferred 799.69 BTC ($92.06 million) worth of assets to two new wallets. This transfer is likely intended for deposit on centralized exchanges (CEX) like Binance.
*This is not investment advice.
