Crypto Whales Shift Capital to Altcoins Amid Leverage and DeFi Moves
Significant whale activity has been observed in the cryptocurrency market over the past 48 hours, with large-scale movements across altcoins and leveraged positions. On-chain data reveals that multiple whales are actively deploying substantial USDC balances across major exchanges to open leveraged positions, while others are strategically offloading tokens like LINK and SOL to generate returns via DeFi protocols [1]. These transactions indicate a shift in capital allocation from Bitcoin to altcoins, especially Ethereum and Solana.
One whale deposited $5.45 million in USDC into HyperLiquid, using it to open leveraged long positions on ETH (20x), BTC (40x), and altcoins like HYPE, LINK, AAVE, and MKR (10x). In a separate move, the same…
