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.

PUMP13,61%
CLOUD2,5%
KMNO0,65%
JTO8,84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)