Ethereum News Today: Whales Accumulate Chainlink and Ethereum Amid Strategic Crypto Inflows

Large whale investors are increasingly accumulating Chainlink (LINK), signaling a growing interest in the altcoin, according to recent on-chain activity. Over the past two days, significant transactions have been recorded, with a notable wallet—0x3c9E—withdrawing 510,000 LINK (valued at $11.13 million) from Binance and depositing it on Compound. In the last four hours, another whale, 0x42A1, spent $1.34 million to acquire 59,560 LINK, while 0x848a added 44,846 LINK to their holdings for $1 million within the same timeframe [1]. These moves suggest a coordinated accumulation effort among major players in the market.

Alongside altcoin activity, Ethereum (ETH) has also attracted institutional and whale investors. A single, unidentified entity created two new wallets in the last hour and added 44,999 ETH (worth $194 million) to its balance. Over the past week, this same institution has amassed 266,165 ETH ($1.15 billion) from platforms such as FalconX, Galaxy Digital, and BitGo [1]. The continued accumulation at a price well below ETH’s current level indicates a strategic buildup ahead of a potential price increase.

Whale activity is not limited to LINK and ETH. A notable investor, Arthur Hayes, co-founder of BitMEX, has also returned to the Ethereum market, buying back ETH he had previously sold. His recent purchase of $10.5 million in Ethereum at an average price of $4,150 reflects a broader trend of confidence in the asset’s long-term prospects [1]. This behavior aligns with broader whale strategies of re-entering the market ahead of anticipated bullish events.

The stablecoin market has also seen significant movement, with the total stablecoin market capitalization rising by $2.376 billion. USDT and USDC balances on Ethereum increased by $898 million, while Aptos experienced a decrease of $131 million [1]. These shifts highlight the ongoing liquidity movements and the evolving dynamics of stablecoin usage across different blockchain networks.

Decentralized exchange (DEX) trading volumes remain mixed. Spot trading on DEXs reached $95.978 billion last week, a 6.95% decline from the previous week. Uniswap saw a 10.35% increase to $28.232 billion, while PancakeSwap and Raydium experienced declines of 14.35% and 16.27%, respectively [1]. Futures trading on DEXs also dropped by 8.54%, with Hyperliquid declining 11.29% and edgeX seeing a 38.23% increase [1]. These fluctuations reflect changing user preferences and the shifting competitive landscape among decentralized platforms.

The trend of large-scale accumulation by whale investors underscores the ongoing strategic positioning in the crypto market. While Chainlink has emerged as a particular focal point, Ethereum and other major assets continue to attract substantial inflows. As these investors build their positions ahead of potential market catalysts, the broader implications for price movements remain a key point of interest for traders and analysts alike [1].

Source:

[1] Whales Focus on One Altcoin: They Are Accumulating It Heavily (https://coinmarketcap.com/community/articles/689a4e15b5b09850e173fb71/)