The cryptocurrency market continues to be on an upward trend, but the massive deals made by some whales have attracted investors' attention.
The anonymous whale deposited 20 million USDC on decentralized derivative exchange high lipids, creating numerous new wallets. These wallets opened short positions with Ethereum (ETH), Bitcoin (BTC), Solana (SOL), Hype, Doge, Fartcoin, and several other tokens.
Meanwhile, some whales are beginning to seriously accumulate narrative (IP) tokens. Just a few minutes away, the whale at address 0x385D purchased 857,192 IP worth $3.8 million, while another whale at address 0xe0e6 spent $3.61 million on 814,523 IP tokens.
The whale, with address 0x8373, also opened a $2.13 million short position in the pump token with three times the leverage. The liquidation price for this transaction was set at $0.00735.
Whale activities are not limited to short positions. The newly created wallet also deposited 5.5 million USDC on high lipids, and purchased 118,856 hype tokens for an average price of $46.27.
Large purchases are also worth noting in the MemeCoin market. Yesterday, investors spent 4.5 million USDT to buy 349.02 billion Pepe tokens. The whale currently holds a total of 50.875 billion Pepes, worth $6.23 million.
*This is not investment advice.
