Whales began the last week of May with an active sell-off of some coins and the purchase of others. Participants in the crypto community are closely watching their actions. The fact is that whales often have insider information that can be monetized.
BeInCrypto's editorial team found out which coins large investors are buying and selling. We explain what is happening in the 'whale world'.
The crypto project of Trump, World Liberty Financial (WLFI), has caught the attention of whales. The Lookonchain team noted that one of the whales invested $40 million in the coin in USDC stablecoins. The purchase was made on an over-the-counter platform. Previously, according to analysts, the same whale made another purchase of WLFI also for $40 million. However, the price of the Trump project's coins was higher the second time around. Therefore, the second purchase yielded the whale fewer tokens.
Whales have also started to show renewed interest in #FARTCOIN🔥🔥🔥
Fartcoin. Lookonchain noted a large investor who spent 14,850 SOL on the coin totaling $2.48 million. The questionable ideology of the crypto project does not scare off the whales.
$ETH Meanwhile, Ethereum has fallen out of favor with large investors. The Lookonchain team noted that whales have started to open and add to short positions on the coin. The short of one of them reached $114 million. Smart traders are also shorting Ethereum.
$SOL Another coin under pressure from whales is Solana. Analysts noted that a large whale withdrew $221 million worth of SOL from staking and began sending coins to cryptocurrency exchanges. Such behavior from a participant in the crypto community may indicate a desire to sell the cryptocurrency. In this case, the price of SOL will be under pressure.
$BTC Bitcoin emerged as the leader in long positions among whales. Large investors are opening long positions on the most capitalized cryptocurrency. The long of one of the large whales reached $411.8 million. Analysts note that his position will be liquidated if the cryptocurrency price falls to $102,790.
This information is not an individual investment recommendation, and the financial instruments or operations mentioned may not align with your investment profile and investment goals (expectations).