Following the rise in popularity of the decentralized cryptocurrency exchange Aster, there is activity among whales of rival altcoins.
There has been remarkable whale activity in the cryptocurrency market in recent hours.
According to on-chain data, a whale believed to be TechnoRevenant withdrew 2.39 million HYPE ($122 million) from his wallet approximately four hours ago. Selling these assets could represent a significant profit.
The tokens in question were reportedly purchased approximately nine months ago by the whale’s main wallet, 0x316f…e678, with an average cost base of around $12. This means the whale currently has over $90 million in unrealized profits.
Meanwhile, BitMEX founder Arthur Hayes sold off the 96,628 HYPE ($5.1 million) he purchased about a month ago, effectively removing it from his portfolio. Hayes made a profit of approximately $823,000 (+19.2%) from this transaction. Notably, despite projecting a 126x upside potential for HYPE during his WebX Summit speech on August 25th, Hayes exited with a gain of just under 20%.
HYPE stands out as the biggest competitor to the recently released and popular ASTER.
Additionally, another unidentified whale withdrew 50.1 million ASTER ($80.6 million) from the Aster platform in the last 4 hours and distributed it to 10 different new wallets.
