Whale sold 2 altcoins at a loss and bought these three with the entire amount! - Coin Bulletin

A notable whale in the crypto market incurred a loss of 506 thousand dollars in the sale of LINK and AAVE to purchase approximately 2.41 million dollars worth of MKR, PENDLE, and HYPE.

The cryptocurrency analysis platform Spot On Chain shared a notable transaction while tracking market movements of large investors. According to the data provided by the platform, a massive whale starting with the address "0xe86" has renewed its investment portfolio by making acquisitions of Maker (MKR), Pendle (PENDLE), and Hype Token (HYPE) within the last few hours. The high-volume acquisitions made by the whale in a short period have become a hot topic in the market.

When looking at the details of these acquisitions, the whale paid approximately 1.21 million dollars for a total of 953.3 MKR. Additionally, the whale spent 707 thousand dollars for the acquisition of 230,500 PENDLE. The most notable movement was the acquisition of HYPE tokens. It was reported that the whale, which purchased a total of 42,900 HYPE with two separate orders, paid an average price of 11.25 and 11.49 dollars for the acquisitions. The total cost of these transactions was approximately 488 thousand dollars.

The whale has put some of its Chainlink (LINK) and Aave (AAVE) tokens up for sale to finance new investments. However, these sales were not profitable for the whale. As a result of the sales, it incurred a total loss of 506 thousand dollars. Experts emphasized that the whale has a strong bullish expectation for MKR, PENDLE, and HYPE with this risky move.