Intense whale activity has drawn attention in the cryptocurrency market in recent hours. A series of large-scale transfers have occurred in both memecoin projects and major cryptocurrencies.
The VALOR token, launched on America Launchpad, has become the second-largest asset in the official Trump Memecoin team’s wallet after Trump. A total of 27.37 million VALOR (approximately $240,000) has been transferred to the team’s wallet so far.
A newly created wallet with the address “8tqszG” withdrew 523.39 SOL (approximately $100,500) from the Binance exchange and then used the funds to purchase 4.8 million GHOST tokens.
A whale that has been dormant for three months has withdrawn 9,000 ETH (approximately $3466 million) from the Bitget exchange. The same whale continues to stake 15,127 ETH (approximately $584 million) through Lido Finance, according to on-chain data.
An “Early Bitcoin” wallet from 2010-2011 transferred 200 BTC (approximately $21.94 million) worth of assets to the Kraken exchange. This wallet, which transferred a total of 6,003 BTC (approximately $671.55 million) in the last three weeks, signals a renewed interest in the market from long-dormant investors.
*This is not investment advice.