Evening On-Chain Recap: Whales Show Significant Activity, Divergence Over Whether Consolidation Will Continue

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According to Hyperinsight monitoring, the following are the movements of popular whale that made new portfolio adjustments between 10:00 and 20:00 today:

Bullish camp:

James Wynn, a well-known "bankrupt whale," long on PEPE and opened a new long position in BTC with 40x leverage, bringing his total holdings to $5.06 million.

After closing out its long positions in ETH and incurring a loss of approximately $470,000, a whale turned to long positions in PEPE, holding $12.8 million and becoming the largest long position in PEPE on the blockchain.

Short sellers:

A major swing whale,"pension-usdt.eth", entered the market to short ETH, with an average entry price of $3142.76.

The Paradigm-linked address unstaking 16,000 ETH and transferred them all to Coinbase.

A whale increased its short positions in BTC and ETH, bringing its total holdings to $109 million.

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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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