Whales on the Move: One Opens Short Position in 6 Altcoins, Another Starts to Accumulate Massive Amount of a Single Altcoin

While the cryptocurrency market continues its upward trend, high-volume transactions made by some whales attracted the attention of investors. An anonymous whale deposited 20.5 million $USDC into the decentralized derivatives exchange Hyperliquid, creating numerous new wallets. These wallets opened short positions on Ethereum ($ETH), Bitcoin ($BTC), Solana ($SOL), $HYPE, Dogecoin ($DOGE), $Fartcoin, and several other tokens. Meanwhile, some whales have begun to seriously accumulate Story ($IP) tokens. Just minutes apart, a whale with address 0x385D bought 857,192 $IP worth $3.8 million, while another whale with address 0xE0e6 spent $3.61 million for 814,523 $IP tokens. A whale with the address 0x8373 also opened a $2.13 million short position on the $PUMP token with 3x leverage. The liquidation price for this trade was set at $0.00735. Whale activity isn't limited to short positions. A newly created wallet also deposited 5.5 million $USDC into Hyperliquid, purchasing 118,856 $HYPE tokens at an average price of $46.27. Large purchases are also notable in the Memecoin market. Yesterday, an investor spent 4.5 million $USDT to purchase 349.02 billion $PEPE tokens. This whale currently holds a total of 508.75 billion $PEPE, worth $6.23 million. *This is not investment advice.