What they buy and what the whales get rid of

The cryptocurrency market for the weekend was extremely volatile. The total capitalization decreased on Saturday, but recovered on Sunday and continued to grow on Monday

Against the backdrop of volatility, large players made adjustments to their crypto portfals. Many actively bought and sold coins, including Ethereum (ETH) and Bitcoin (BTC).

Ethereum attracts the attention of investors thanks to the bull rally, and large players do not stand aside. When the price decreased on weekends, one of the major players, the address 0x3C9E, continued to actively sell ETH.

Lookonchain reports that in early August a large player sold 33,682 ETH in the amount of about $ 119 million. Arthur Heyes, the main investment director of Maelstrom Fund, also sold 2,373 ETH for the amount of $ 8.32 million. In addition, he liquidated 7.76 million ENA ($ 4.62 million) and 38.86 billion PEPE ($ 414 700).

A wave of sales probably indicates a strategy for fixing profit in conditions of market uncertainty. At the same time, other major players took a bull position.

One of the major players purchased ETH for $ 300 million. In addition, Sharplink Gaming bought 30,755 ETH for 108.57 million USDC. Now the company owns 480 031 ETH, which is estimated at about $ 1.65 billion.

The authors of the X-channel OnChain Lens noted that another major player received 25,540 ETH from Falconx.

These transactions show confidence in ETH, despite short -term fluctuations. Meanwhile, large players also adjusted their positions on bitcoin.

Metaplanet announced the purchase of 463 BTC. The company spent about $ 53.7 million, which on average amounted to about $ 115,895 per coin.

In addition, Salvador increased his national bitcoin reserve to 6,258,18 BTC, which are now estimated at about $ 718 million. And also participants in the crypto community drew attention to the activity of an anonymous wallet with 306 BTC, which was not used 12.4 years. His awakening provoked speculations about the possible imminent sale of cryptocurrencies.

Other tokens also attracted the attention of large investors. The @ai_9684XTPA ONALITIC noted that Kit Hyperlique (HYPE) (0x7BE … 480D8) increased its position. He transferred 4.07 million USDC to the Hyperlique exchange and bought more HYPE tokens. The purchase raised a wallet to eight positions in the ranking of the largest holders of the coin.

Meanwhile, the Nansen team highlighted Magician, Aipepe and Chillhouse as tokens with the highest pure tributary of “smart money” over the weekend.

The movements of large investors on the weekend indicate the polarization of the market. The pressure on the sale of some crypto kits and aggressive purchases of others in the same coins emphasized the differences in investment strategies. However, market recovery on Sunday and steady growth today show that bulls can outweigh sales.

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