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.