Intense Whale Activity in Bitcoin and Altcoins Following Inflation Data — Here Are the Details

Significant large-scale transfers have occurred in the cryptocurrency market in recent hours. A Fireblocks-linked custody wallet sent $19.4 million worth of Trump-backed USD1 stablecoin to Binance in the last hour. It is reported that the total amount of USD1 transferred to Binance by the same wallet in the last 13 days has reached approximately $149.8 million.

On the other hand, a large crypto investor who had been inactive for about four months has become active again. The whale, who hadn’t made any transactions for 119 days, withdrew 116,490 HYPE tokens worth approximately $9.6 million from OKX. This transaction by the long-dormant wallet has drawn attention regarding possible new positioning in HYPE.

On the Chainlink front, both institutional and project-based LINK accumulation continues. Grayscale’s GLNK ETF acquired an additional 203,810 LINK, worth approximately $2.38 million, via Coinbase Prime. The fund reportedly accumulated a total of 1.05 million LINK in the last 18 days, equivalent to approximately $12.12 million at current market value.

In parallel, Chainlink added another 91,100 LINK to its strategic reserve. With this latest purchase, worth approximately $1.06 million, the total reserve accumulation over the last 30 days has reached 511,000 LINK, which is worth approximately $5.52 million today. Chainlink’s total strategic reserve has thus risen to 5.86 million LINK, or approximately $67.24 million.

*This is not investment advice.

Continue Reading: Intense Whale Activity in Bitcoin and Altcoins Following Inflation Data — Here Are the Details