What Did Giant Altcoin Whales Do During Bitcoin’s Rise? Here Are Their Transactions

With Bitcoin surpassing the $120,000 level again, whale activity is attracting attention in the cryptocurrency market. Millions of dollars in transfers and leveraged trades have been recorded in the last 24 hours.

According to the data, a whale deposited 11.04 million USDC on the HyperLiquid exchange and purchased 2,584 ETH at $4,274.

Meanwhile, a famous PEPE whale sold 501 billion PEPE tokens to buy 1,112.37 ETH ($4.6 million) and 561,923 EIGEN tokens to buy 188.62 ETH ($819,000). He then converted these ETH to USDC, deposited 5.53 million USDC tokens on decentralized cryptocurrency exchanges, and opened positions for ASTER (2x long) and XPL (3x long).

Another whale initiated a 3x leveraged long position in PUMP token by depositing 5 million USDC.

Meanwhile, the surge in Bitcoin's price has put short positions in a difficult position. A whale with the address 0x5D2F deposited 12 million USDC to hedge his 2,041 BTC ($241.8 million) short position. This move updated the new liquidation price to $123,410.

On the Ethereum side, some whales used the rise for profit-taking:

• Trend Research deposited 24,051 ETH ($104.3 million) into Binance in the last 9 hours.
• An OTC whale 0xd8d0 sold 20,830 ETH ($98.3 million) on Wintermute.
• Ethereum early investor 0x0FeA has deposited 4,000 ETH ($17.31 million) into Kraken.