Recently, whale activity in the cryptocurrency market has significantly increased. Transactions conducted by these investors, who hold substantial funds, indicate a large flow of capital, particularly in Ethereum and some altcoins.
According to on-chain data, Trend Research extracted approximately 27,000 Ethereum (ETH) from Binance, with a total transaction value of around $57.97 million. Additionally, it is expected that the institution transferred $150.47 million worth of USDC to Binance and may plan to use these funds to further extract more ETH.
On the other hand, a whale investor sold 2,311 XAUT (approximately $11.7 million) on Bitfinex and used the proceeds to purchase 5,313 ETH (approximately $11.33 million).
Furthermore, another major investor made a large-scale purchase of tokens from the Hyperliquid ecosystem, acquiring 86,259 HYPE tokens valued at around $3.27 million, with an average transaction price of approximately $37.95.
The market activity did not stop there. A newly created wallet extracted approximately 2 million TRUMP tokens (worth $5.94 million) from Binance. The TRUMP meme token surged yesterday after former U.S. President Donald Trump announced he would have dinner with token holders.
This content does not constitute investment advice.