"Whales Stir Crypto Markets: LDO, OP Transferred; 1inch Fund Buys ETH, WBTC; USDC Supply Grows; SHIB Whales Accumulate Amidst Market Turmoil"

Cryptocurrency markets witnessed significant whale activity over the weekend, with notable transactions occurring despite broader market instability. One such event involved a substantial transfer of 1.22 million LDO and 1.16 million OP to Binance, approximately 10 hours ago, as reported by COINOTAG News. This transaction, monitored by The Data Nerd, highlights the importance of tracking large-scale crypto movements, which often indicate underlying market sentiment.

The entity involved in the transaction acquired LDO at an average cost of $1.75 around two years ago and OP at an average price of $1.93 last year. However, the current market conditions have led to an estimated loss of roughly $729,000 for the entity. Despite the loss, the transaction underscores the willingness of institutional players to capitalize on market fluctuations and engage in strategic trading activities.

In a separate development, the 1inch investment fund once again bought 7289 ETH and 52.072 WBTC in the past hour, according to Spot On Chain monitoring. This follows a previous purchase of 3257 ETH by the fund yesterday, with an average purchase price of $3070. The continued accumulation of ETH and WBTC by the 1inch fund suggests a bullish outlook on these cryptocurrencies.

Meanwhile, Circle has minted an additional 250 million USDC on the Solana blockchain, as reported by Whale Alert. This increase in the supply of USDC on the Solana network may indicate growing demand for stablecoins in the decentralized finance (DeFi) ecosystem.

The weekend also saw a significant price correction for Shiba Inu (SHIB), with the token experiencing a 32% drop to reach a five-month low of $0.000014. Despite the price decline, blockchain data reveals a notable surge in whale activity, suggesting large investors are actively accumulating the token. Technical analysis points to potential recovery if SHIB reclaims the $0.000015 level, with possible upside to $0.000018.

The weekend sell-off came as broader market instability took hold, driven by recent developments in international trade relations. The situation has been particularly influenced by new tariff policies targeting China, Mexico, and Canada, leading many investors to reduce their