The most talked-about whale that triggered the Bitcoin price drop and sold its BTC that they hadn’t touched for years seems to have started selling again after two weeks.
At this point, the giant whale, who started buying Bitcoin in 2016 and revealed it for the first time in August after a long time, sold billions of dollars worth of Bitcoin and bought Ethereum.
He Sold $4 Billion Worth of Bitcoin and Bought Ethereum!
According to Lookonchain’s post, this whale has taken action again and started selling BTC.
According to Lookonchain data, two addresses linked to this whale’s main wallet sent 1,176 BTC worth approximately $136 million to Hyperliquid.
After a two-week hiatus, BitcoinOG has started selling BTC again, exchanging 35,991 BTC (worth $4.04 billion) for 886,371 ETH ($4.07 billion)!
2 wallets connected to this BitcoinOG whale’s main wallet deposited 1,176 BTC ($136.2 million) into Hyperliquid in the last 2 hours and started selling.”
Altcoin Whales Are Also Active!
Aside from this giant whale, altcoin whales were also quite active. Popular analyst Ali Martinez shared a post on his X account, reporting that 5.34 million Chainlink (LINK) had been withdrawn from exchanges in the last 24 hours.
“5.34 million Chainlinks were withdrawn from crypto exchanges in the last 24 hours. This equates to approximately $129.33 million at current Chainlink prices.”
Accordingly, more withdrawals of a particular altcoin from exchanges are generally interpreted as a rise in the price of the relevant altcoin.
Apart from this, according to the data, whales continue to accumulate Etheruem (ETH).
A newly created wallet “0x9D99” withdrew 5,297 ETH (worth $24.7 million) from Binance and Bitget.
The newly created wallet 0x4d43 withdrew 4,208 ETH (worth $19.48 million) from Binance.
Whale 0x7451 received another 13,322 ETH (worth $61.65 million) from FalconX an hour ago.
Meanwhile, XRP whales are selling. Analyst Ali Martinez reported that whales have sold 160 million XRP in the last two weeks.
Accordingly, whales have sold 160,000,000 XRP in the last two weeks, which is equivalent to $484.5K at the current XRP price.
*This is not investment advice.