Whales on the Move: One Opens Short Position in 6 Altcoins, Another Starts to Accumulate Massive Amount of a Single Altcoin

While the cryptocurrency market continues its upward trend, high-volume transactions made by some whales attracted the attention of investors.

An anonymous whale deposited 20.5 million USDC into the decentralized derivatives exchange Hyperliquid, creating numerous new wallets. These wallets opened short positions on Ethereum (ETH), Bitcoin (BTC), Solana (SOL), HYPE, Dogecoin (DOGE), Fartcoin, and several other tokens.

Meanwhile, some whales have begun to seriously accumulate Story (IP) tokens. Just minutes apart, a whale with address 0x385D bought 857,192 IP worth $3.8 million, while another whale with address 0xE0e6 spent $3.61 million for 814,523 IP tokens.

A whale with the address 0x8373 also opened a $2.13 million short position on the PUMP token with 3x leverage. The liquidation price for this trade was set at $0.00735.

Whale activity isn’t limited to short positions. A newly created wallet also deposited 5.5 million USDC into Hyperliquid, purchasing 118,856 HYPE tokens at an average price of $46.27.

Large purchases are also notable in the Memecoin market. Yesterday, an investor spent 4.5 million USDT to purchase 349.02 billion PEPE tokens. This whale currently holds a total of 508.75 billion PEPE, worth $6.23 million.

*This is not investment advice.

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