#WhaleMovements Ethereum (ETH): A major trader, known as a whale, closed a short position of 5,000 ETH, incurring a loss of $489,000. The trader initially borrowed 5,000 ETH from Aave by collateralizing USDT when Ethereum's price dropped to $1,917 on March 12. As the market rebounded by 5%, the trader exited the position, repurchasing the ETH at $2,015 to repay the loan.
Uniswap (UNI): After a 3.5-month hiatus, a significant cryptocurrency holder purchased 290,212 UNI tokens for 1,000 ETH, approximately valued at $1.97 million, at an average price of $6.78 each. The whale retains 1,016 ETH, worth around $2 million.
USD Coin (USDC): Multiple large transactions involving USDC were observed, including transfers of 225,225,000 USDC between unknown wallets and the minting of 250,000,000 USDC at the USDC Treasury.
Solana (SOL): Significant movements of SOL were noted, with 1,709,210 SOL (approximately $248.7 million) transferred between unknown wallets.