Whales Focus on One Altcoin: They Are Accumulating It Heavily

In the cryptocurrency market, big whales continue to accumulate Chainlink (LINK) and Ethereum (ETH) with notable purchases. According to LookOnChain data, over the past two days, a whale named 0x3c9E withdrew 510,000 LINK (worth $11.13 million) from Binance and deposited it into the Compound platform. Other whales have also accelerated their buying; 0x42A1 spent $1.34 million for 59,560 LINK in the last four hours, while 0x848a purchased 44,846 LINK for $1 million just five hours ago. Institutional investors are also showing increasing interest in the market. A mysterious institution created two new wallets in the last hour, collecting 44,999 ETH ($194 million). Over the past seven days, the same institution has purchased a total of 266,165 ETH ($1.15 billion) from major platforms like FalconX, Galaxy Digital, and BitGo. The stablecoin market is also experiencing significant activity. The total stablecoin market capitalization increased by $2.376 billion. The amount of USDT and USDC held on Ethereum increased by $898 million, while Aptos saw a decrease of $131 million. Related News: BREAKING: Coinbase Allegedly Invests in This Altcoin – Here are the Details Spot trading volume on decentralized exchanges (DEXs) reached $95.978 billion last week, a 6.95% decrease compared to the previous week. Among the leading platforms, Uniswap saw a 10.35% increase in volume to $28.232 billion on the week, while PancakeSwap and Raydium saw a 14.35% decrease and a 16.27% decrease, respectively. Futures volume on DEXs fell to $110.794 billion, decreasing by 8.54% on the week. Hyperliquid fell by 11.29%, while edgeX saw a notable increase of 38.23%. Meanwhile, the mysterious institution opened six new wallets and collected a total of 221,166 ETH ($946.6 million) from FalconX, Galaxy Digital, and BitGo. Many whales, like renowned crypto investor Arthur Hayes, are buying back ETH they previously sold, despite rising market prices. *This is not investment advice. Continue Reading: Whales Focus on One Altcoin: They Are Accumulating It Heavily

Source: BitcoinSistemi