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#CryptoMarketMildlyRebounds In Recent Hours, Altcoin Whales Have Been Very Active: Here Are Their Trades!
Large whales continue to carry out substantial buy and sell transactions in the cryptocurrency market. Here are the key points to know.
Whale activity in the cryptocurrency market has gained momentum again in recent hours. Transactions from large funds and high-volume wallets are providing important signals about the market direction.
Bitmine (BitMNR) purchased 98,852 ETH over the past week, making an acquisition of approximately 302.66 million dollars. The company's total Ethereum holdings reached 4,066,062 ETH. The current value of this amount is approximately 12.45 billion dollars.
On the corporate side, BlackRock made notable transfers. The company invested 2,019.39 BTC for (181.67 million dollars) and 29,928 ETH for (91.29 million dollars) into the Coinbase exchange. Market sources indicate that BlackRock may make additional transfers in the upcoming period.
Individual whale movements are also standing out. A newly created wallet spent approximately 1 million dollars to purchase 3.22 million FARTCOIN by spending 7,886 SOL within 30 minutes. The average purchase price was recorded at 0.31 dollars. At the time this article was written, FARTCOIN is trading at 0.301 dollars.
On the other hand, another Whale withdrew 360,551 LINK from the Binance exchange. This transfer, worth approximately 4.53 million dollars,
However, due to the current state of the market, this Whale has an unrealized loss of over 2.35 million dollars.
Finally, a large sale transaction led to a sharp drop in the price of AAVE. A whale sold all of its 230,350 AAVE within the last 3 hours, receiving 5,869.46 stETH, 17.52 million dollars, and 227.8 WBTC, 20.07 million dollars. After this transaction, the price of AAVE fell by approximately 10%.
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