Site icon goodcryptoX

Whales buy $456M of Ether. Hyperliquid whales pump Plasma premarket

gc summary 28.08

Hey there!

Compared to the previous weeks, this one wasn’t so intense, but it isn’t lacking hot crypto news on the market. Let’s explore what happened over the past seven days 👇

quick weekly news

Crypto whales buy $456M Ether in ‘natural rotation’ from Bitcoin

Let’s begin this digest with a rather unusual, yet expected, turn of events. It looks like liquidity has finally started rotating from Bitcoin to Ethereum, following the natural liquidity cycle.

According to Arkham Intelligence, nine crypto whales recently bought $450M worth of $ETH. These moves come after intensified attempts by private investors to replicate MicroStrategy’s Bitcoin accumulation model, this time with Ethereum, sparking additional inflows from funds.

As a result, $ETH has seen a strong surge since the beginning of August 2025, which also appears to have attracted significant retail interest. This dynamic likely signals a “natural rotation” of liquidity from Bitcoin to Ethereum during the current bull market cycle.

Source: GoodCrypto

What’s even more interesting is that, traditionally, Ethereum’s performance often sets the stage for the broader altcoin season. Liquidity usually follows a well-known cycle: Bitcoin ➡️ Ethereum ➡️ Large-cap altcoins ➡️ Mid-cap altcoins ➡️ Altseason.

Historically, altseason in the crypto market has also suggested an upcoming Bitcoin correction, or even a shift toward a mid-term bear market for BTC.

Hyperliquid whales net $48M on 200% XPL rally, amid manipulation allegations

However, the whales’ activity wasn’t entirely positive for the crypto market this week. Recently, traders were shocked by massive market manipulation during the $XPL futures pre-market rally on Hyperliquid.

Source: Hyperliquid

At one point, crypto whales opened a massive long positions on $XPL/USDT totalling of around 32M $XPL tokens. Almost instantly, the price surged by over 200%, liquidating nearly 85% of short positions on Hyperliquid.

As a result, the manipulators pocketed almost $48M in profits:

Shortly after the pump, the crypto influencer MLM claimed that one of the manipulators was Justin Sun, founder of the Tron blockchain and the HTX exchange. Sun is notorious for allegedly exploiting market manipulation to its own advantage. The most recent example was when he posted on X, claiming that $FDUSD lacked sufficient reserves to maintain its $1 peg. This statement triggered a temporary depeg and later prompted First Digital Trust to accuse Sun of deliberately attacking a competitor’s stablecoin.

However, MLM later admitted that his accusation against Justin Sun was unfounded, walking back his own claim.

Crypto.com’s Cronos jumps 70% on Trump Media Group CRO Strategy news

Speaking of pumps, another event that shook the crypto market this week was the partnership between Trump Media Group and Crypto.com-backed Cronos to establish a $6.4B treasury plan and integrate the currency into Truth Social and Truth+.

According to Decrypt, Trump Media will purchase $6.4B worth of $CRO tokens and stake them through Crypto.com’s custody service. At the same time, the company plans to launch a rewards system across its Truth Social network and Truth+ streaming platform, using Crypto.com’s wallet and the native token $CRO as the main utility tool.

Following the announcement, Cronos’ native token $CRO surged by almost 70%, reclaiming its spot among the top 20 largest cryptocurrencies by market capitalization. It also became one of the best-performing large-cap cryptos, reaching price levels not seen since 2022.

Source: GoodCrypto

Philippine Senator Suggests Putting National Budget On-Chain

Ending this digest on a positive note, Philippine Senator Bam Aquino appeared on the Bilyonaryo News Channel, calling for the use of blockchain technology in managing national budget transactions. According to him, such a move would create a more transparent and accountable system for the Philippines, as every government budget transaction would be recorded publicly on-chain.

“No one is crazy enough to put their transactions on blockchain, where every single step of the way will be logged and transparent to every single citizen. But we want to start,” Aquino said.

He plans to build upon the Department of Budget and Management’s existing blockchain platform, which already records select financial documents and is the first live on-chain budget platform in Asia. BayaniChain, the local blockchain infrastructure firm behind the DBM’s system, told decrypt:

“His vision aligns with ours: creating more transparent and accountable systems for the Philippines… While blockchain is not a silver bullet against corruption, it creates immutable records that ensure accountability from government officials.”

Still, the initiative raises concerns about privacy, as making detailed government spending data fully public could expose the system to misuse or malicious activity by certain actors.

1000%+ APR with DEX DCA bot

🤖 The DEX DCA bot lets you farm volatility instead of fighting it. By averaging down your position and adjusting the Take Profit level, the bot increases your chances of turning a losing move into a winning trade. When the price retraces, it hits the bot’s Take Profit order, locking in profit.

And this isn’t just theory, the bot has already proven its efficiency on the market many times, making it one of the most popular trading tools on goodcryptoX. That’s why we’ve prepared a case study of a $BORK/USDC DEX DCA bot on Base.

In this case breakdown, you’ll learn:

🔸 The exact bot setup

🔸 How the bot achieved 1000% APR

🔸 Pro tips for setting up your own DEX DCA bots

Read the full case review 👇

 

Receive an instant notification when a new coin is listed with GoodCrypto’s PRO plan.

top crypto meme of the week

We hope this digest was valuable and informative for you! If you want to be the first to receive new crypto insights and stay up-to-date with the market, follow us on Twitter or Telegram. Become a better trader with the Good Crypto app!