What have the massive altcoin whales done during the bullish wave?
They could not escape from the on-chain data.
According to onchain data from Lookonchain, an altcoin whale has begun to take a particularly bullish stance on Ethereum (ETH).
According to data recorded on the decentralized cryptocurrency trading platform Hyperliquid, this whale added 8.88 million USD in USDC to its previous long position on ETH today. With this addition, the whale's positions rose to 36.3 million USD, currently realizing an unrealized profit of 1.4 million USD.
Additionally, onchain data indicates that some major financial institutions are also storing Ethereum. According to the data, Abraxas Capital withdrew 49,644 Ethereum worth 92 million USD from the cryptocurrency exchanges Binance and Kraken today.
Related news: What can we expect for Bitcoin, Ethereum, Ripple, and Cardano after the sudden surge? An expert analyst explains what is required for price increases.
The data also revealed that two different cryptocurrency wallets, likely belonging to the same person or entity, spent a total of 14.54 million USD in DAI and USDT to purchase 7,293 ETH worth nearly 15 million USD. The average purchase price for the whales was 1,993 USD.
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه
