Large crypto holders have been making big moves this week, with millions in tokens flowing out of major exchanges and into private wallets.
Two wallets, likely controlled by the same whale, withdrew 327,465 Chainlink (LINK) – worth about $7.17 million – from Binance after a month of dormancy.
Combined, the wallets now hold 590,056 LINK valued at $12.9 million. Another whale withdrew 124,856 LINK ($2.73 million) from Binance, bringing its two-month total to 304,003 LINK ($6.63 million) and booking an estimated $1.5 million profit.
Ethereum also saw major activity. A newly created wallet transferred 9,006 ETH, or roughly $40.2 million, out of Kraken.
On derivatives platform HyperLiquid, whales moved aggressively. One deposited 1.59 million USDC to open leveraged short positions – ETH at 25x, BTC at 40x, and LEFT at 20x.
Another funneled 2.4 million USDC into the platform to buy nearly 50,000 HYPE tokens at an average of $48.14.
Separately, a wallet linked to the Trump-backed World Liberty Finance project made fresh acquisitions, spending 18.6 million USDC on blue-chip crypto assets.
The purchases included $8.6 million for 1,911 ETH at $4,500 each and $10 million for 84.5 wrapped Bitcoin (WBTC) at $118,343 apiece. The project still holds 5 million USDC in reserve, signaling more buys may follow.
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