High-Profile Whale Moves 1,000 BTC ($1.09B) to Hyperliquid, Signaling Sell-Off to Buy More ETH After Accumulating 740,570 ETH

COINOTAG News on August 31 reported, citing LookIntoChain monitoring, that a high-profile ETH-to-BTC whale executed a transfer of 1,000 BTC to the centralized trading venue Hyperliquid, with the transaction valued at approximately $1.09 billion. On-chain records corroborated by analytics providers confirm the movement of funds to an exchange-managed address, a noteworthy liquidity shift for institutional-scale holdings.

LookIntoChain data further indicates the same entity holds a substantial ETH position, having acquired and staked 740,570 ETH (around $3.4 billion). Market participants and custodial platforms will likely monitor subsequent on-chain flows and exchange inflows for potential impacts on order book depth and execution dynamics.

‘,

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!


];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();

Source: https://en.coinotag.com/breakingnews/high-profile-whale-moves-1000-btc-1-09b-to-hyperliquid-signaling-sell-off-to-buy-more-eth-after-accumulating-740570-eth/