The Smart Money Moves: Whales Accumulate ETH, LINK, and More

Ahead of a planned Senate hearing, big crypto holders—sometimes known as "whales&"—are noticeably expanding their positions in several major cryptocurrencies. This buildup implies a deliberate action by institutions and wealthy individuals, possibly anticipating positive regulatory changes or market developments. Ethereum (ETH) provides a great illustration of this, with significant net inflows into institutional and whale wallets; one whale alone withdrew almost 35,000 ETH from Binance; and mega whale wallets (holding over 10,000 ETH) have raised their holdings by more than 9% since October 2024, attaining their highest concentration since 2020.

Beyond Ethereum, several other altcoins are seeing significant whale movement. Rising high-value transactions in Chainlink (LINK) suggest rising whale confidence and expectations for near-term profits. Whales with 100 to 100,000 ONDO tokens are gathering them, indicating greater faith in its near future. Moreover, with significant rise in long positions, netflows, and balances, respectively, HYPE (Hyperliquid ecosystem), Arbitrum (ARB), and SKY (Maker protocol) are attracting fresh whale interest.

Heavy whale purchases for dogecoin (DOGE) often driven by public endorsements from people like Elon Musk have correlated with a price increase and whale activity. Although recent price spikes have been seen, Uniswap (UNI) is also seeing more whale purchasing, though a rising exchange supply implies some prudence about its immediate price direction. Though a more general pattern of accumulation across these chosen currencies points to a collective positioning by major holders in anticipation of market-moving events like the forthcoming Senate hearing, Ethereum leads the pack in institutional and whale inflows.