Cryptocurrency Whales Move Millions, Exiting and Entering New Positions

The cryptocurrency market continues to see significant activity from whales, large investors with substantial holdings. Recent examples include a high-volume withdrawal of Chainlink (LINK) by a notable investor, followed by another substantial move in the altcoin market. This follows reports about whales actively manipulating markets and influencing prices. Notably, a whale withdrew 327,465 LINK, worth approximately $7.17 million, from Binance after a month of inactivity. Meanwhile, another wallet recently moved 9,006 ETH ($40.16 million) from Kraken, and a newly created wallet transferred 9,006 ETH ($40.16 million) from Kraken. Derivatives exchange HyperLiquid also saw activity, with a whale opening highly leveraged short positions by depositing USDC worth $1.59 million in various token ratios. Another whale deposited 2.4 million USDC into HyperLiquid, purchasing 49,871 HYPE at an average price of $48.14. Finally, World Liberty Finance, a cryptocurrency project linked to the Trump family, made significant purchases with over 18.6 million USDC. This included investing $8.6 million in 1,911 ETH and $10 million in 84.5 WBTC. A summary of these recent actions highlights the volatility and influence whales hold within the market.