The cryptocurrency market has recently shown high activity, especially among large investors known as 'whales.' Data analysis reveals significant withdrawals as well as both profits and losses from leveraged trading.
Large Withdrawals from Exchanges
A newly created wallet withdrew 8,357 Ethereum (ETH) from the Binance exchange, with the transfer totaling approximately $31.5 million.
Profits and Losses of Major Investors
Whale investor James Wynn closed his 10x long positions on Dogecoin (DOGE) and Pepe (PEPE), as well as his 40x short positions on Bitcoin (BTC), incurring a total loss of $625,222. However, over the past six days, he deposited 1.25 million USDC into HyperLiquid, generating a total profit of $177,675.
Long-Awaited Transactions and Whales' Activity
Another notable trade of the day came from a whale. After depositing 5 million USDC into HyperLiquid, the investor opened short positions in multiple altcoins, including SOL with 20x leverage, DOGE, FARTCOIN, BONK, LTC, and PEPE with 10x leverage, as well as PENGU and SPX with 5x leverage. The same investor maintains long positions through a different wallet, totaling over $24 million in unrealized profits. Additionally, a long-dormant wallet (0x73AC) made its first transaction in nearly two years, accumulating 34,033 ETH, worth $128.68 million, through FalconX.
These events highlight the high volatility and dynamism of the cryptocurrency market, where major players continue to influence its movements through significant investments and trading strategies.
