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BitcoinSistemi 2025-06-01 06:52:06

Big Whale Has Been Accumulating This Altcoin for the Past Week: On-Chain Data Shows

Big Whale Has Been Accumulating This Altcoin for the Past Week: On-Chain Data Shows

Cryptocurrency onchain data has revealed that a crypto whale with the address Qianbaidu.eth has purchased a large amount of an altcoin in the last six days. According to the data, the big whale paid $12.95 million to purchase 406,000 Hyperliquid (HYPE) tokens over the past six days, with the average purchase price per token being $31.9. At the time of writing, the HYPE price is trading at $32.90. In the last month, the HYPE token price has increased by 62%. Related News: SEC Does Something It Rarely Does: Issues Negative Opinions on ETF Applications for Two Altcoins HYPE, the token of the decentralized cryptocurrency exchange Hyperliquid, has seen a rise, especially after the exchange's popularity increased. The most talked-about cryptocurrency whale of recent days, James Wynn, made large amounts of leveraged transactions on this exchange, and although he initially made large gains, he later lost almost all of them. Unlike centralized cryptocurrency exchanges, Hyperliquid shows how much position each user has in each altcoin. Binance CEO Changpeng Zhao criticized this feature and argued that seeing the movements of cryptocurrency whales on the onchain could lead to these whales being targeted for liquidation. James Wynn also claimed in his statement that other big whales were trying to liquidate him. *This is not investment advice. Continue Reading: Big Whale Has Been Accumulating This Altcoin for the Past Week: On-Chain Data Shows

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