Following the recent Federal Reserve decision and comments from Chairman Jerome Powell, the cryptocurrency market has experienced declines in the last 24 hours, with Bitcoin (BTC) holding above $76,000. Amidst this volatility, large holders—known as whales—have become highly active, executing significant transactions across several major altcoins.
Major Whale Transactions
According to analytics firm OnchainLens, a prominent whale transferred its last 220 Bitcoin, valued at $16.72 million, to the Binance exchange. This whale had originally purchased 370 BTC from Binance three years ago and has now fully exited its position, realizing a total profit of $34.24 million.
In the altcoin space, data reveals a massive long position on Hyperliquid (HYPE). An anonymous whale opened a long position involving 80,000 Ethereum (ETH), worth approximately $182 million. The whale currently holds ETH long positions across two wallets, each containing 40,000 ETH, with an average entry price of $2,265.
A well-known OG whale, tracked by Lookonchain, continued to sell its massive SHIB holdings, offloading another 800 billion SHIB for a profit of $4.9 million. This whale originally invested just $13,760 to acquire 103.33 quadrillion SHIB. Over the past few years, it has sold 4.06 quadrillion SHIB in total, taking home $37.6 million in profits. Despite these sales, the whale still holds 99.27 quadrillion SHIB, valued at $625.41 million—representing 16.84% of the total supply. The whale's total profit now exceeds $660 million, a staggering 48,000x return on its initial investment.
Another investor, previously profitable on long positions for APE, has opened a long position on WIF. This investor currently holds 7.13 million WIF tokens, worth $1.3 million, using 5x leverage. The investor has also placed a limit order to accumulate more WIF at $0.17 and plans to take profit at $0.49.
In a contrasting move, HYPE whale Loracle.hl has started selling after previously acquiring 556,825 HYPE tokens worth $22 million. Simultaneously, the whale opened a short position on HYPE with 5x leverage.
DOGE Whale Activity Hits 6-Month High
Adding to the whale activity narrative, Dogecoin (DOGE) has seen its whale activity surge to a six-month high. On-chain data from Santiment reveals 739 transactions exceeding $100,000 occurred in the past 24 hours, signaling a significant uptick in large-scale investor engagement. The number of wallets holding more than 100 million DOGE has also reached an all-time high, with 149 such wallets now collectively holding 108.5 billion DOGE, worth approximately $11.6 billion. This accumulation trend aligns with recent upward price movement for the meme coin.
