Whale 24BLFj has been actively trading by selling Bitcoin ($BTC) to purchase $PUMP, a Solana meme coin. Over the past three days, he has sold 75 Wrapped Bitcoin ($WBTC), totaling approximately $5.08 million, and has already acquired 2.07 billion $PUMP, valued at around $4.04 million, all facilitated through Wintermute, a firm known for its over-the-counter trading services that enable efficient execution of large crypto trades. This move reflects a broader trend where prominent cryptocurrency whales are rotating their investments from Bitcoin to meme coins like $PUMP.
24BLFj: 24BLFj (full address: 24BLFjSAcUPPWs8F7nhwthfRPvh5mopNYfu5WXTkLChr) is a prominent Solana-based crypto whale wallet tracked by Arkham Intelligence for its large holdings in assets like WBTC, SOL, and various meme coins. It engages in significant on-chain trading activity monitored publicly. Recently, this wallet rotated positions by selling WBTC to acquire PUMP via Wintermute trades.01
Arkham API: Arkham API is the full-fledged Intel API from Arkham Intelligence, launched after enhancements to its pilot program, recognized as the most advanced tool for on-chain data and analytics. It enables comprehensive wallet tracking, transfer analysis, and portfolio visualization across blockchains. The platform powered the detailed transfer and holdings data exposing the 24BLFj whale’s activity with Wintermute.7
Wintermute: Wintermute is a global algorithmic trading firm and crypto market maker that provides proprietary trading and liquidity services for digital asset projects and exchanges. It recently expanded into institutional OTC trading for tokenized assets such as gold. In this news, Wintermute acted as the counterparty facilitating the whale 24BLFj’s WBTC sales and PUMP purchases.810
`json
{
“OTC Services”: “Wintermute specializes in over-the-counter trading to support efficient execution for large crypto positions.”,
“Whale Rotation”: “Prominent whales are shifting Bitcoin exposure toward meme coins like PUMP in recent trades.”,
“API Capabilities”: “Arkham’s Intel API delivers on-chain intelligence including entity labeling and transfer flows.”
}
`
Source: lookonchain
