The cryptocurrency market is also buzzing as whales engage in large-scale transactions. Dormant wallets have resurfaced, new whales are making strategic moves, and long-term holders are adjusting their portfolios. Here’s a breakdown of the latest whale activity:
- A seven-year-old wallet identified as 0xbc8, linked to Ethermine, has made a remarkable comeback after three years of partial dormancy. The wallet has withdrawn 2,692 ETH ($5.01 million) from OKX, sparking speculation about potential future trades or investments.
- A newly activated wallet, 0x7c9, has withdrawn 2.4 million OM ($15.54 million) from Binance at an average price of $6.47. Further analysis reveals that wallet 0x699 has withdrawn 0.499 ETH from Binance over the past 16 days, funding gas fees for four wallets with OM trading history since January 23, 2024. Currently, 11.64 million OM ($75.39 million) is held in two of these four wallets.
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- A new whale identified as 2fyep withdrew 201,755 SOL ($24.98 million) from Binance at an average price of $123.81. Notably, the whale immediately deposited the entire amount, indicating a long-term investment strategy.
- Well-known whale 0xc6f has continued to sell LINK, most recently selling 217,421 LINK at an average price of $13.29 for $2.88 million USDC. Since resuming activity on March 11, 2025, after a 4.5-month hiatus, the whale has sold a total of 356,665 LINK at an average price of $12.88 for $4.59 million USDC. However, LINK holdings have now significantly decreased, with only 7,917 LINK ($106K) remaining across two wallets, predominantly held by 0xc6f.
*This is not investment advice.
