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Big Whale Who Lost Money on Bitcoin, Ethereum, and Solana Now Piles Into Two Surprise Altcoins

Cryptocurrency onchain data has witnessed whales making high volume transactions in recent hours.

According to the data, this crypto whale used some of his USDC stablecoin worth $40.42 million to purchase 715,917 HYPE worth $29.47 million. The average purchase price was $41.16.

On the other hand, the same crypto whale spent the rest of his funds to purchase 7.6 million FARTCOINs for $8.78 million, with an average token purchase price of $1.15.

This crypto whale had previously traded SOL, BTC, and ETH, losing $2.17 million on them. The whale wallet then exited these positions completely, and now appears to have bought HYPE and FARTCOIN.

However, a whale wallet thought to be affiliated with Ethereum developer ConsenSys recently purchased 5,463 ETH worth $14 million via over-the-counter transactions. In total, this whale purchased 166,199 ETH worth $435 million in the last two weeks, with an average purchase price of $2,618.

*This is not investment advice.

#whaleloss #BTC #Ethereum #solana #LossesAndLearnings

Giant Whale Shorted These 16 Altcoins, Made Huge Profits

According to on-chain analysis, a cryptocurrency whale whose address starts with “0xa31” has shorted a total of 16 altcoins, mainly ETH, PEPE and DOGE, via the Hyperliquid platform since June 12.

The whale's total position size is at $57.5 million. As of now, 14 out of 16 short positions are in the money, resulting in a total unrealized profit of $3.56 million.

Particularly DOGE and XRP positions attract attention:

Profit from DOGE short position: $2.49 million

Profit from XRP short position: $1.41 million

However, the whale’s short position in the HYPE token currently appears to have lost $3.19 million, making it the largest loss.

In the last three days, the income from funding fees alone reached a significant figure of $2.275 million.

According to the Hyperliquid position history of the relevant address, the altcoins that are shorted are as follows:

BTC

HYPE

XRP

ETH

kPEPE

FARTCOIN

DOGE

LEFT

SUI

INIT

LAUNCHCOIN

PENGU

WLD

POPcat

LTC

MOODENG

*This is not investment advice.
#BTC #Mooddeng #LTC #POPcat #PEPE‏

Cardano Founder Charles Hoskinson Offers $100 Million Bitcoin (BTC) and ADA Swap Proposal! Will ADA Price Drop?

Cardano (ADA) founder Charles Hoskinson, who attracted the market's attention with his statements, announced his $100 million proposal.

According to Coindesk, Charles Hoskinson proposed converting $100 million worth of ADA reserves into Bitcoin (BTC) and local stablecoins USDM and USDA to revitalize and strengthen the DeFi and stablecoin ecosystem.

“We can take the $100 million worth of ADA in the treasury, convert it into a mix of stablecoins on Cardano, namely USDM and USDA, and convert some of it into Bitcoin, which makes it Prime Bitcoin DeFi.”

Hoskinson stated that with this proposal, he aims to increase the stablecoin-TVL ratio from 10% to 30-40%. Hoskinson said that the current 10% stablecoin-TVL ratio is killing Cardano.

According to DefiLlama data, Cardano’s total TVL is $356 million, while the value of minted stablecoins is only $31 million.

In comparison, Solana has $9.8 billion in TVL and $11 billion in stablecoins minted on-chain.

There was criticism that the proposed $100 million sale would affect the price of ADA, but Hoskinson dismissed concerns about the price impact as unfounded.

Hoskinson hit back at critics for being inexperienced, adding that the sale would not cause any problems.

*This is not investment advice.

#CardanoSurge #CardanoMagic #CardanoStablecoin" #CardanoPredictions