Large-scale transactions made by whales and institutional investors in the cryptocurrency market today attracted attention. Here are the prominent transactions of the day:
- On April 27, a mystery whale purchased 30,000 Ethereum (ETH) via over-the-counter transactions for a total of $54.9 million at $1,830. The same whale also purchased 600 Bitcoin (BTC), paying $56.94 million for the transaction.
- Just three hours ago, the same whale sold 30,000 ETH at $2,621, making $78.63 million and a net profit of $23.73 million. The remaining 600 BTC are still unsold, currently worth $66.5 million and currently showing a profit of $9.6 million.
- DWF Labs, one of the active market makers in the market, deposited 25.77 million ASTR tokens (approximately $802,000) into staking by withdrawing them to its on-chain staking wallet.
- Short address 0x83c6, which earned $3.96 million by selling 2,522 ETH at $1,570 about a month ago, made an interesting move today. The same wallet spent $3.8 million this time by buying 1,425 ETH at an average price of $2,670. With this move, the whale wallet lost approximately $2.67 million by selling at the wrong time.
- Two wallets believed to be affiliated with Abraxas Capital (0xB83D and 0x5b5d) opened short positions for BTC, ETH, and SOL on the Hyperliquid platform. The institution, which has short positions totaling 2,572 BTC ($288 million), 57,317 ETH ($151 million), and 504,957 SOL ($89.4 million), currently appears to have an unrealized loss of over $25 million. These transactions are likely being made for the purpose of hedging against spot portfolios.
- A newly created wallet withdrew 200,010 SOL from the Kraken exchange, converting a total of $35.37 million worth of assets into JitoSOL for liquid staking.
*This is not investment advice.
