Shafi Ullah

A quick update on whale moves in the last few hours. Four wallets, possibly belonging to the same whale, withdrew 32,879 $ETH worth $69M from Kraken just hours ago. At the same time, Bitcoin dropped below $67,000, and smart trader pension-usdt.eth has won again after already hitting 20 wins in a row. His 750 $BTC short worth $50.11M and 20,000 $ETH short worth $41.61M are now up $2.21M. His total profit has now exceeded $32.65M. Elsewhere, trader HXiRSK, who bought 91,891 $SOL worth $16.04M at $175 seven months ago, sold another 47,401 SOL worth $3.98M to cut losses after the Drift exploit. His total loss now exceeds $4M. Machi once said, “I never lose. I always win or get liquidated.” But he also fears liquidation, and in the past 8 hours, he closed 2,700 $ETH worth $5.54M to avoid getting wiped out. He still holds a 5,000 ETH long worth $10.22M, with a new liquidation price of $2,031.52. Machi needs to switch sides or he is risking our longs. Meanwhile, while the Drift exploiter was swapping over $270M in stolen assets into $USDC and bridging that USDC to Ethereum to buy ETH, Circle minted 500M USDC on Solana. What do you think Circle was supposed to do? The Drift exploiter then spent another 2.46M USDC to buy 1,195 ETH . In total, the exploiter has now bought 130,262 ETH worth $267M. On the $STO side, our trade now needs confirmation above $1 again since a whale has flooded the market with tokens. In just 2 days, STO surged from $0.11 to $0.94, up 755%. However, a new wallet, 0x5e2E, has deposited all 28M STO worth $10.12M, equal to 12.43% of the circulating supply, to Gate. And finally, BlackRock has deposited once again, sending 1,360 BTC worth $90.28M and 15,103 ETH worth $30.82M to Coinbase Prime. #DriftProtocolExploited #ADPJobsSurge #GoogleStudyOnCryptoSecurityChallenges #BitmineIncreasesETHStake