Big Whales Are on the Move: Here’s What They’ve Been Doing with Cryptocurrencies in Recent Hours

There have been notable whale movements in the cryptocurrency market in recent hours.

According to data from on-chain monitoring platforms, large-scale transfers and high-leverage position openings on both centralized exchanges and HyperLiquid have attracted attention. Here are some of the most notable transactions.

A wallet, identified as a newcomer to the market, deposited 6.27 million USDC into HyperLiquid and placed an order to open a long position in ZEC at a price of $504.

Conversely, another large investor opened a 10x leveraged short position on ZEC by depositing 1.15 million USDC. The position has a current value of $5.20 million, a liquidation price of $1.358, and currently has an unrealized loss of -$218,730.

In the last three hours, a newly created address withdrew 20 million Polygon (POL) tokens from Binance. The transfer was valued at $3.62 million.

It was also noteworthy that another new address withdrew 3 million TRUMP, or $23.01 million worth of assets, in the last 14 hours.

Owen Gunden, a well-known whale, deposited another 500 BTC ($51.68 million) into Kraken in recent hours.

*This is not investment advice.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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