The cryptocurrency market had a particularly eventful day, especially for whales. On-chain data showed both large withdrawals from centralized exchanges and millions of dollars in profits and losses from leveraged trades. A newly created wallet withdrew 8,357 Ethereum (ETH) from the Binance exchange, a transfer worth approximately $31.5 million. Solana (SOL) has surpassed a market capitalization of $100 billion, while a whale who opened a long position on the HyperLiquid platform with 20x leverage has now made over $18 million in profit. Meanwhile, whale investor James Wynn closed his 10x long positions on Dogecoin (DOGE) and Pepe (PEPE) and his 40x short positions on Bitcoin (BTC), incurring a total loss of $625,222. However, Wynn had deposited 1.25 million USDC into HyperLiquid over the past six days, generating a total profit of $177,675. Another notable trade of the day came from a whale. After depositing 5 million USDC into the HyperLiquid platform, the investor opened short positions in multiple altcoins. These positions included SOL with 20x leverage, DOGE, FARTCOIN, BONK, LTC, and PEPE with 10x leverage, and PENGU and SPX with 5x leverage. The same investor maintains long positions through a different wallet, totaling over $24 million in unrealized profits. Related News: The MicroStrategy of the Altcoin World Announces Another Large Purchase of This Altcoin Finally, another long-dormant wallet (0x73AC) made its first transaction in nearly two years. This wallet accumulated 34,033 ETH, worth $128.68 million, through FalconX 35 minutes ago. *This is not investment advice. Continue Reading: Whales Are Very Active Today: Here Are the Altcoins They Are Trading
