There has been a noticeable whale movement in the cryptocurrency market over the past 24 hours.
The 19d5J8 Bitcoin wallet, which has been dormant for five years, has moved 3,000 BTC ($353.16 million) from its holdings of 23,969 BTC ($2,822 million) into a new wallet.
The last trade in Whale Wallet on December 13th, 2020 was trading for around $20,000. At the time of writing, BTC has traded around $117,000.
Meanwhile, Ethereum Foundation-Affiliated Wallet 0xf39D has sold 7,294 ETH ($3,325 million) over the past three days with an average price of $4,558. The wallet previously attracted attention when it purchased 33,678 ETH ($40 million) in June 2022 with an average price of $1,193.
One of the industry’s leading whales, Machi has returned to the market. Machi opened a 5x leveraged long position with pumps and hype tokens, and maintained a long position with ETH (25x) and BTC (40X). However, investors are reportedly currently facing a loss of around $5.7 million.
*This is not investment advice.
