Cryptocurrency onchain data has witnessed whales making high volume transactions in recent hours.
According to the data, this crypto whale used some of his USDC stablecoin worth $40.42 million to purchase 715,917 HYPE worth $29.47 million. The average purchase price was $41.16.
On the other hand, the same crypto whale spent the rest of his funds to purchase 7.6 million FARTCOINs for $8.78 million, with an average token purchase price of $1.15.
This crypto whale had previously traded SOL, BTC, and ETH, losing $2.17 million on them. The whale wallet then exited these positions completely, and now appears to have bought HYPE and FARTCOIN.
However, a whale wallet thought to be affiliated with Ethereum developer ConsenSys recently purchased 5,463 ETH worth $14 million via over-the-counter transactions. In total, this whale purchased 166,199 ETH worth $435 million in the last two weeks, with an average purchase price of $2,618.
*This is not investment advice.
Read the full article here
