Today, significant transactions were recorded in the cryptocurrency market, conducted by large investors known as crypto whales. These transactions involved both Bitcoin and altcoins.
Major USDC and HYPE Transaction
According to the data, a major crypto whale deposited $20 million worth of USDC stablecoin into the decentralized exchange Hyperliquid. Of that amount, $5.97 million was used to purchase HYPE tokens, with the whale acquiring a total of 165,366 HYPE at an average price of $36.08 each. At the time of writing, the price of HYPE is trading at $36.04, nearly at the level where the whale made the purchase.
Bitcoin Withdrawal from Binance
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 them to his cold wallet. The total amount paid by the whale was $267.77 million, and he is currently at a loss of $2.18 million.
ETH Withdrawal and Actions on Aave V3
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.
The actions of crypto whales today underscore the active market where large investors continue to make significant transactions, which may indicate their strategic plans.
