Notable whale movements occurred in the last 24 hours.
The Bitcoin wallet '19D5J8', which has been inactive for five years, transferred 3,000 BTC ($353.16 million) from its holdings of 23,969 BTC ($2.82 billion) to a new wallet.
The last transaction date of the whale wallet before this operation was December 13, 2020, when the BTC price was approximately $20,000. At the time of writing, BTC is hovering around $117,000.
On the other hand, the 0xF39d wallet linked to the Ethereum Foundation sold 7,294 ETH ($33.25 million) at an average price of $4,558 over the past three days. This wallet previously drew attention by purchasing 33,678 ETH ($40.2 million) at an average price of $1,193 in June 2022.
Machi, one of the industry's well-known large whales, has become active in the market again. Machi opened a long position with 5x leverage on PUMP and HYPE tokens, while also maintaining long positions in ETH (25x) and BTC (40x). However, it has been reported that the investor is currently at a loss of about $5.7 million.
Stay tuned for the latest developments