The cryptocurrency market declined over the past 24 hours, with Bitcoin (BTC) falling below $115,000 and Ethereum (ETH) dropping to $4,300 levels. Amid this downturn, on-chain data reveals significant whale activity showing divergent strategies.
Major accumulations include whale 0xd8d0 purchasing 10,000 ETH ($43.43M) and 350 BTC ($40.53M), while two newly created wallets withdrew 25,684 ETH ($114.3M) from FalconX. Another whale added 3,333 ETH ($14.93M) to existing holdings. Chainlink (LINK) saw substantial accumulation, with four whales withdrawing 404,800 LINK ($9.82M) from Binance, followed by one whale moving an additional 211,346 LINK ($5.3M).
Profit-taking emerged as whales deposited 3,492 ETH ($15.57M) into Binance—securing $17.37M profits after holding for two years—and another transferred 2,437 ETH to Binance, booking $5.05M gains. Additionally, an address linked to investor Rudy Kadoch moved 1.976M CRV to Binance, signaling potential selling pressure. Sky Protocol's co-founder executed a strategic buyback, repurchasing 16.38M SKY using 1.77M ENA, part of a $10.21M accumulation campaign since June.
Unconventional moves included a whale spending 1.72M USDC to acquire 1.79M FARTCOIN, while Pump.fun's distribution address sent 2.5B PUMP tokens to OKX.