And another one starts accumulating a massive amount of one alternative coin.
As the cryptocurrency market continues its upward trend, the massive transactions conducted by some whales have attracted the attention of investors.
An unknown whale deposited 20.5 million USDC into the decentralized derivatives trading platform Hyperliquid, leading to the creation of several new wallets. These wallets opened short positions on Ethereum (ETH), Bitcoin (BTC), Solana $SOL , Hype, Dogecoin $DOGE , Fartcoin, and several other tokens.
Meanwhile, some whales have started to accumulate Story (IP) tokens significantly. Within minutes, a whale holding the address 0x385D bought 857,192 IP tokens worth 3.8 million dollars, while another whale holding the address 0xE0e6 spent 3.61 million dollars to purchase 814,523 IP tokens.
A whale holding the address 0x8373 opened a short position worth 2.13 million dollars on the PUMP token with 3x leverage. The liquidation price of this trade was set at 0.00735 USD.
Whale activity is not limited to short positions. A newly created wallet deposited 5.5 million USDC into Hyperliquid, where it purchased 118,856 HYPE tokens at an average price of 46.27 USD.
The Memecoin market has witnessed significant buying activity. An investor spent 4.5 million USDT yesterday to purchase 349.02 billion tokens $PEPE
. This whale currently holds a total of 508.75 billion PEPE, worth 6.23 million USD. #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH #ETHBreaks3k