Onchain data showed that massive cryptocurrency whales have been trading heavily in some altcoins in recent hours.
Large whale movements have been notable in the cryptocurrency market in recent hours. High-volume transactions, particularly involving PumpFun (PUMP) and Hyperliquid (HYPE), have caught the market’s attention.
With the recent surge, one whale reversed a previous loss of $3.4 million and made a net profit of $3.86 million.
After initially purchasing 250 million PUMPs with 1 million USDC, the whale spent another $5.16 million on 962.38 million PUMPs at an average price of $0.005363. Over the past 5 days, it has sold a total of 1 billion PUMPs ($8.25 million) at an average price of $0.008225, leaving it with 208.83 million PUMPs ($1.77 million) in its portfolio.
Another notable transaction occurred in the HYPE token. A whale acquired 2 million HYPE tokens for $17.4 million (average $8.68) approximately nine months ago and staked them by transferring them to different wallets. This investor applied for an unstake seven days ago and reclaimed their tokens 21 hours ago. At current prices, their holdings are worth $107.2 million, with a total profit of $89.8 million.
