There have been notable whale movements in the cryptocurrency market in the last 24 hours.
Bitcoin wallet “19D5J8”, which has been dormant for five years, transferred 3,000 BTC ($353.16 million) from its 23,969 BTC ($2.82 billion) holdings to a new wallet.
The whale wallet’s last transaction, on December 13, 2020, was trading at around $20,000. At the time of writing, BTC is trading around $117,000.
Meanwhile, the Ethereum Foundation-affiliated wallet 0xF39d sold 7,294 ETH ($33.25 million) at an average price of $4,558 over the past three days. The wallet previously attracted attention in June 2022 when it bought 33,678 ETH ($40.2 million) at an average price of $1,193.
Machi, one of the industry’s well-known big whales, has returned to the market. Machi opened a 5x leveraged long position in PUMP and HYPE tokens, while also maintaining long positions in ETH (25x) and BTC (40x). However, the investor is reportedly currently facing losses of approximately $5.7 million.
*This is not investment advice.