28.07.2025 06:56

Recent cryptocurrency market activity has been dominated by significant whale transactions, sparking considerable interest among observers. A flurry of large-scale trades involving various altcoins highlighted the considerable influence these major players wield.

One notable event saw a newly established wallet initiate a substantial withdrawal of 1.88 million SPX tokens (approximately $3.73 million) from Bybit exchange. This action was quickly followed by another whale's strategic maneuver, depositing $5.56 million in USDC on HyperLiquid. This whale then employed leveraged trading, going long on BNB with 3x leverage while simultaneously shorting SOL and ZORA with 20x and 3x leverage respectively. Further intensifying activity, another whale deposited a staggering $11.37 million in USDC on the same platform, taking long positions on XRP and SOL (both at 2x leverage) and a smaller 2x long position in BONK.

Adding another layer of complexity to the recent transactions, a significant FARTCOIN whale liquidated their holdings, selling 1.71 million FARTCOINs (approximately $2.28 million) and acquiring 790.41 million PUMP tokens. Concurrently, a large inflow of ETH occurred, with a new wallet receiving 38,603 ETH (approximately $147.7 million). This newly funded wallet has been linked to an address previously associated with transfers to SharpLink Gaming, adding an intriguing element to the ongoing market dynamics. This connection is further substantiated by a reported transfer of $145 million in USDC from Circle to SharpLink Gaming two days prior, subsequently distributed to multiple centralized exchanges via Galaxy.

It's important to note that this information is presented for informational purposes only and does not constitute investment advice. For exclusive news, in-depth analytics, and comprehensive on-chain data, follow our Telegram and Twitter accounts. The information was sourced from internet resources.