In recent hours, notable moves by whales and large investors have been observed in the cryptocurrency market.
A whale deposited 5 million USDC on the Hyperliquid exchange and opened a long position in HYPE with 3x leverage. The same whale also holds positions in ETH with 5x leverage, PUMP with 3x leverage, and PENGU with 3x leverage. He is also preparing to expand his position by placing new buy orders for HYPE and WLFI.
A newly created wallet opened long positions on PEPE and WIF with 10x leverage after depositing 701,000 USDC into Hyperliquid. The positions were sized as follows:
- 258 million kPEPE ($2.5 million)
- 2.47 million WIF ($2 million)
Ethena whale wallet 0x877b also transferred 5 million ENA ($3.27 million) to Binance again.
Meanwhile, institutional investors appear to be accumulating MakerDAO’s native token, MKR:
- Address 0xb2c7 received 14,000 MKR ($24.25 million) from FalconX 6 hours ago.
- Address 0xc230 collected a total of 8,753 MKR ($15.37 million) through FalconX in the last two months.
*This is not investment advice.