What have cryptocurrency Whales bought and sold over the weekend?

The cryptocurrency market had a volatile weekend as the total market cap fell on Saturday but quickly bounced back on Sunday and maintained its upward trend into the new week.

In this context, whales exhibit many contrasting strategies, with strong buying and selling activity in various assets such as Ethereum (ETH), Bitcoin (BTC), and other tokens.

Ethereum continues to be the focal point attracting capital flows after a recent price surge, and whales are not left out of the game. When the price of ETH adjusted over the weekend, whale wallet 0x3c9E ramped up selling, with a total of 33,682 ETH ( worth approximately 119 million USD) being dumped in early August. Arthur Hayes – the Chief Investment Officer of Maelstrom Fund – also sold 2,373 ETH valued at 8.32 million USD, along with 7.76 million ENA (4.62 million USD) and 38.86 billion PEPE (414.700 USD). This move is considered a profit-taking strategy amidst a still uncertain market.

On the contrary, some large investors have shown long-term confidence by actively accumulating assets. Bitcoin Magazine reported that a whale purchased ETH worth 300 million USD. SharpLink Gaming also spent 108.57 million USDC to acquire an additional 30,755 ETH, raising its total holdings to 480,031 ETH (, estimated at about 1.65 billion USD ). Additionally, another whale wallet received 25,540 ETH from FalconX, after previously transferring 35,615 ETH into ETH2.0 staking – an investment that is currently recording a loss of about 10 million USD.

Position adjustment activities are also taking place in the Bitcoin market. Metaplanet has just announced the purchase of an additional 463 BTC with a total value of approximately 53.7 million USD, averaging 115,895 USD per coin. CEO Simon Gerovich stated that by August 4, 2025, the company will hold 17,595 BTC, valued at approximately 1.78 billion USD, with an average purchase price of around 101,422 USD/BTC.

El Salvador continues to demonstrate its commitment to Bitcoin by raising the national reserve to 6,258.18 BTC (, estimated at 718 million USD ). At the same time, a "dormant" wallet containing 306 BTC has just been activated after more than 12 years, sparking much speculation about the strategy of long-term investors.

Some smaller tokens are also attracting attention. A HYPE whale has deposited 4.07 million USDC into the Hyperliquid exchange to purchase more tokens, bringing the total holdings to 487,209.95 HYPE (, approximately 18.65 million USD), with unrealized profits of up to 1.535 million USD. Meanwhile, Nansen recorded MAGICIAN, AIPEPE, and CHILLHOUSE as the tokens with the highest inflow of smart money over the past weekend.

Overall, the activities of the whales reflect a distinctly polarized market – sellers are intensifying their divestment, while buyers are increasing their accumulation. However, the bounce back from Sunday until now shows that buying pressure is gradually overshadowing selling pressure, reinforcing positive short-term prospects.

Mr. Teacher