Whales have been extremely active in the cryptocurrency market recently. Large transactions were notable in assets like Ethereum (ETH), SYRUP, and HYPE.
Ethereum Whale Transactions
An Ethereum whale that was dormant for nearly 8 years transferred 1,764 $ETH to Kraken exchange, making a profit of $3.93 million.
Another whale or institution that received 50,000 ETH in the 2015 Ethereum ICO sent its last 10,195 ETH (worth $25.6 million) to Kraken. This address initially received ETH for $15,000 and sold some over 8 years for an average of $1,555, generating $77.76 million and a return of approximately 5,000 times.
Other Whale Transactions
A whale address sent 5 million $SYRUP tokens (worth $2.27 million) to Binance. This address has been trading $ENA and SYRUP on Binance and Flowdesk platforms and currently holds 121.15 million ENA (worth $43.97 million).
Five different whales purchased a total of 794,104 HYPE tokens (worth $27.8 million) over the past two days.