Big Whales Are on the Move: Here’s What They’ve Been Doing with Cryptocurrencies in Recent Hours

There have been notable whale movements in the cryptocurrency market in recent hours. According to data from on-chain monitoring platforms, large-scale transfers and high-leverage position openings on both centralized exchanges and HyperLiquid have attracted attention. Here are some of the most notable transactions. A wallet, identified as a newcomer to the market, deposited 6.27 million USDC into HyperLiquid and placed an order to open a long position in ZEC at a price of $504. Conversely, another large investor opened a 10x leveraged short position on ZEC by depositing 1.15 million USDC. The position has a current value of $5.20 million, a liquidation price of $1.358, and currently has an unrealized loss of -$218,730. Related News: Renowned Strategist Says “Bitcoin Has Bottomed Out,” Reveals Bullish Price Forecast for February In the last three hours, a newly created address withdrew 20 million Polygon (POL) tokens from Binance. The transfer was valued at $3.62 million. It was also noteworthy that another new address withdrew 3 million TRUMP, or $23.01 million worth of assets, in the last 14 hours. Owen Gunden, a well-known whale, deposited another 500 BTC ($51.68 million) into Kraken in recent hours. *This is not investment advice. Continue Reading: Big Whales Are on the Move: Here’s What They’ve Been Doing with Cryptocurrencies in Recent Hours