The cryptocurrency market experienced whale movements of a magnitude not seen in a long time. Two Ethereum wallets that had been dormant for more than eight years became active again, transferring a total of 200,000 ETH ($785 million) to two new addresses.
The Ethereum early investor in question reportedly acquired his ETH holdings primarily through Bitfinex and currently holds a total of 736,316 ETH ($2.89 billion) across eight different wallets.
On the Bitcoin side, whales appear to be increasing their holdings despite the market decline. A newly created wallet named “1F1neJ” has attracted attention by withdrawing a total of 2,261 BTC ($247 million) from exchanges in the last four days.
On the Solana front, a wallet known to be affiliated with Galaxy Digital deposited 200,000 SOL ($39.1 million) into Coinbase four hours ago. Meanwhile, Forward Industries reportedly acquired 6,822,000 SOL at an average cost of $232, with a current value of $1.34 billion, but the company reported a paper loss of over $245 million on this position.
Famous YouTuber MrBeast has been among those actively buying in the crypto market recently. It was revealed that MrBeast purchased a total of 538,384 ASTER ($990,000) in the last three days. The influencer first deposited 1 million USDT into his public wallet, 0x9e67, and his newly opened address, 0x0e8A, before using these funds to purchase ASTER. The average purchase price is estimated to be approximately $1.87.
*This is not investment advice.