The trader, known as Blockchain Mane, claims that the recent actions of the whales indicate possible plans to acquire bitcoins, Ethereum and other cryptocurrencies.

These operations included the transfer of USD Coin (USDC) stablecoins in amounts from $150 million to $350 million to the Coinbase exchange. In total, the moneybags increased the balance of the trading platform by $ 1.3 billion.

The transfer of the USDC to the exchanges is seen as a powerful signal of a planned purchase. According to the cryptocurrency community, "The money printing press has gone crazy," Blockchain Mane notes.

According to blogger Lark Davis, the actions of cryptocurrencies can significantly affect the exchange rates of bitcoin and Ethereum if they decide to spend stablecoins to purchase them. However, he also notes that wealthy traders can use limit orders to purchase assets at a better price. In this case, the exchange rate of the coins will not change, but the support level will strengthen.

A trader named Brian Jung expresses the opinion that using stablecoins for a similar amount to buy altcoins with a market capitalization of $ 100 million can lead to a significant increase in the price of this coin. However, he doubts that any reasonable whale would risk taking such a step, as it may not bring the desired profit.