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There is Whale Activity in Onchain Data: Here are the Altcoins They Bought and Sold!
Crypto onchain data revealed that some whales conducted interesting transactions in altcoins today.
According to the data, a crypto whale made a purchase of Fartcoin (FARTCOIN) worth 2 million dollars, which it had previously sold entirely. The transaction was made at an average token price of 1.25 dollars. This crypto whale had earned a profit of 368,500 dollars in the previous FARTCOIN trade.
In addition, it was observed that Metalpha, a company listed on Nasdaq, withdrew 18,000 Ethereum (ETH) worth 48.05 million dollars through Binance. The company transferred these ETHs to Spark and then converted them to USDC after borrowing 12 million dollars in USDS and 8 million dollars in DAI stablecoins, and reinvested them back into Binance.
The latest cryptocurrency whale used its $11.8 million worth of Solana" as collateral on (SOL) Kamino and borrowed $4 million. The whale then bridged these USDC tokens and deposited a total of $4.94 million worth of USDC on decentralized cryptocurrency exchange Hyperliquid. With these funds, the whale wallet purchased and staked 126,353 HYPE tokens at an average price of $39.1.
*This is not investment advice.
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