Big Whales Are on the Move: They Made Heavy Transactions in Altcoins – Here Are the Details

The cryptocurrency market experienced notable whale activity today. Multiple large-volume transfers caught investors’ attention.

A PumpFun (PUMP) presale investor transferred 1.25 billion PUMP ($4.09 million) to the Kraken exchange. This transfer means the whale realized a loss of approximately $910,000 (-18.2%).

It is known that the whale purchased 1.25 billion PUMP for 5 million USDC in the public sale on July 12 and accumulated the tokens in 5 different wallets.

Another whale unstaking 30,010 SOL ($4.9 million) and depositing 30,050 SOL to Binance after two months of inactivity. Over the last four months, the same whale has demonstrated significant activity, unstaking a total of 205,072 SOL ($30.07 million) after four years of staking.

Related News: US Government Partnership with Major Company Turns Price of Related Altcoin Green

This whale still has 1,108,368 SOL staked, worth approximately $179 million.

On the other hand, 4 multi-signature wallets thought to belong to the same organization received a total of 101,131 ETH (approximately $363.58 million) from FalconX, Galaxy Digital, and BitGo in the last 2 days.

The Royal Government of Bhutan has transferred 517 BTC ($59.23 million) worth of assets to a new wallet, likely linked to Binance.

*This is not investment advice.

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