Recent on-chain data concerning cryptocurrency whales has shown significant transactions amid heightened market activity.
Sale of VIRTUAL Tokens
According to transaction data, the first crypto whale sold 2.69 million VIRTUAL tokens worth $3.5 million at an average price of $1.3. As of now, the price of VIRTUAL is $1.46.
Trading Positions with Ethereum and Bitcoin
Another whale closed a 25x long position for Ethereum on the decentralized exchange Hyperliquid, making a profit of $1.27 million. Currently, this whale has opened a 40x short position for Bitcoin, from which it has already lost approximately $1 million. This position is still open, and if the Bitcoin price reaches $104,390, it will be liquidated.
Withdrawals by Whales from Binance
A different crypto whale was observed withdrawing 18,000 ETH worth $40.38 million from Binance. With other recent withdrawals, this whale now holds 50,256 ETH valued at $112 million and has incurred a loss of $2.24 million.
Whale activity in the cryptocurrency market continues to attract attention due to significant trades. Their actions may impact price volatility.
