Only the crypto market managed to briefly rise on news of an almost concluded trade deal between the USA and China, before an armed conflict between Israel and Iran brought it down again.
In the last 24 hours, Bitcoin has fallen by 2.65%, Ethereum has decreased by almost 8.9%, and Solana has collapsed by 9.2%. While retail investors are tallying their losses, large cryptocurrency holders are using the situation to accumulate altcoins.
For example, over the past few days, crypto whales have invested more than $120 million in Cardano (ADA). Accumulation began after Bloomberg Intelligence raised the probability of Cardano-ETF approval to 75% by 2025.
In the last 24 hours, Cardano has fallen by 7.8% and may continue to decline against the backdrop of Bitcoin's drop.
The most popular token in the market for crypto whales has been Hyperliquid (HYPE). Two large holders collectively spent about $14.9 million on the altcoin: one bought HYPE at a price of $38.5, and the other at $39.1. It is known that both used their tokens for staking, thereby demonstrating their confidence in its future.
At the time of writing, HYPE was trading at $40.02, having decreased by 3.58% in the last 24 hours.
