“Maji” still holds 41,000 ETH in his address, about $100 million, making him the largest ETH long on-chain right now. But when the market dipped, 7 hours ago he first closed part of his position, taking a stop-loss of about $1.96 million.
He still has 75,000 HYPE (about $6.03 million) and 45 BTC (about $3.5 million) in his wallet.
On the other side, two giant whales withdrew 318,000 SOL from exchanges within 10 hours: 5p6zPz withdrew 281,000 SOL from Binance (about $29.68 million), and 3WzfuP withdrew 37,000 SOL from Kraken (about $3.87 million).
On one end, the biggest long is getting stopped out; on the other, whales are withdrawing and locking funds. The directions are opposite, but both are real on-chain actions with real money. Next, I’m watching two things: whether Maji’s remaining 41,000 ETH will continue to be reduced, and the address 5p6zPz—after going quiet for four months following March 18, it re-entered by adding SOL again. At the time it was sitting on an unrealized loss of over $8 million, yet it kept buying. Now it has withdrawn another 280,000 SOL.
Data sources: TradingBeats, Lookonchain, as reported by BlockBeats
He still has 75,000 HYPE (about $6.03 million) and 45 BTC (about $3.5 million) in his wallet.
On the other side, two giant whales withdrew 318,000 SOL from exchanges within 10 hours: 5p6zPz withdrew 281,000 SOL from Binance (about $29.68 million), and 3WzfuP withdrew 37,000 SOL from Kraken (about $3.87 million).
On one end, the biggest long is getting stopped out; on the other, whales are withdrawing and locking funds. The directions are opposite, but both are real on-chain actions with real money. Next, I’m watching two things: whether Maji’s remaining 41,000 ETH will continue to be reduced, and the address 5p6zPz—after going quiet for four months following March 18, it re-entered by adding SOL again. At the time it was sitting on an unrealized loss of over $8 million, yet it kept buying. Now it has withdrawn another 280,000 SOL.
Data sources: TradingBeats, Lookonchain, as reported by BlockBeats