Big Whales Are Active: Wallets That Have Been Dormant for a Long Time Made Altcoin Transactions Today

Whales were observed to be extraordinarily active in the cryptocurrency market today. Large volume transactions were particularly notable in assets such as Ethereum (ETH), SYRUP and HYPE.

An Ethereum whale that has been dormant for nearly 8 years transferred 1,764 ETH to the Kraken exchange today. The transfer is estimated to have made the whale a profit of $3.93 million.

However, another whale or institution that participated in the Ethereum ICO in 2015 and received 50,000 ETH sent its last 10,195 ETH (approximately $25.6 million) to Kraken. It was calculated that this address sold the ETH it received for only $15,000 during the ICO period at an average of $1,555 over 8 years, generating a total income of $77.76 million and a return of approximately 5,000 times.

Another whale address sent 5 million SYRUP tokens to Binance. The transfer was valued at around $2.27 million. The address in question reportedly traded ENA and SYRUP on Binance and Flowdesk platforms over the past two weeks, and currently holds around 121.15 million ENA (around $43.97 million).

Over the past two days, five different whales have purchased a total of 794,104 HYPE tokens (approximately $27.8 million).

*This is not investment advice.

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