Whales are strategically increasing their holdings of DeFi tokens, on-chain data shows that exchange withdrawal volumes have significantly increased. Just three wallets transferred nearly $15.9 million worth of assets, including PUMP, CLOUD, KMNO, JTO, and DRIFT, mainly from Solana-based protocols. This trend, along with Arthur Hayes publicly moving $5.53 million worth of ETH into Pendle, Lido, and Ethena, indicates that these are carefully planned moves by whales for future price increases rather than short-term speculation. The inflow of funds into yield and staking protocols suggests that whales are betting on DeFi performing well once market conditions improve.
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Whales are strategically increasing their holdings of DeFi tokens, on-chain data shows that exchange withdrawal volumes have significantly increased. Just three wallets transferred nearly $15.9 million worth of assets, including PUMP, CLOUD, KMNO, JTO, and DRIFT, mainly from Solana-based protocols. This trend, along with Arthur Hayes publicly moving $5.53 million worth of ETH into Pendle, Lido, and Ethena, indicates that these are carefully planned moves by whales for future price increases rather than short-term speculation. The inflow of funds into yield and staking protocols suggests that whales are betting on DeFi performing well once market conditions improve.