Manipulative Whales Are Making Big Moves in Altcoins: Here Are Their Latest Moves

In the last half hour, a large crypto whale or institutional wallet withdrew 703 million FORM tokens worth approximately 19.82 million dollars from the Binance exchange to an on-chain address (.

The token in question is the native token of Four, formerly known as BNX, which now operates as a memecoin launchpad. This new move by BNX, recognized for its previous manipulative actions, may herald a new wave of manipulation in the market.

On the other hand, another notable development during the same period is related to a whale that has been continuously losing in high-leverage positions. This investor, despite experiencing partial liquidation in the last 10 trades, opened short positions with 40x leverage for BTC and 25x leverage for ETH again. So far, the total loss of the investor amounts to 16 million dollars, and the loss in this trade is at the level of 14 million dollars.

Additionally, a newly created wallet opened a HYPE long position with 10x leverage by depositing 4.16 million USDC into the decentralized crypto exchange HyperLiquid.

However, the renowned whale James Fickel has deposited 80,000 ETH worth 204.05 million dollars into the Coinbase Prime platform. Currently, Fickel’s wallet still holds 7,278.87 ETH; this is worth approximately 18.56 million dollars.

Finally, a solo Bitcoin miner managed to mine a block worth 3.17 BTC. This block is valued at approximately 349 thousand dollars at the current price.