On the eve of the U.S. CPI print, the crypto whales, those mysterious creatures of the digital ocean, are clearly making their moves. While Bitcoin, the ever-stubborn king, remains near its highs, it is the humble mid-cap altcoins that are catching the attention of the top wallets.
In the past week, tokens such as 1inch (1INCH), Chainlink (LINK), and Curve (CRV) have seen an unexpected surge in accumulation. Wallet balances are spiking, and small exchanges are seeing outflows that can only be described as the aquatic dance of a crypto whale. Let’s take a closer look at the ebb and flow of this cryptic tide, shall we?
1inch (1INCH)
In the last 24 hours, whale holdings for 1inch rose by 5.65%, pushing the total balance held by these wealthy wallets to a mere 9.56 million tokens. A relatively modest amount, considering their immense power. Meanwhile, the top 100 addresses are hoarding about 1.26 billion 1INCH, though their share has seen a slight dip. Redistribution, anyone? No exits just yet.
The balance chart tells a story—an artful climb from midday onwards on July 14, a sign of fresh demand, as the token price wobbled between $0.32 and $0.33. And let’s not forget the calm, motionless balance of smart money and exchanges, suggesting that only the whales are diving into this pool.
Despite the rise in whale holdings, the 1INCH price took a dive by nearly 8%, day-to-day. A curious case—are the whales positioning themselves for an on-chain volume spike, rather than chasing fleeting short-term gains? Most likely.
It seems the whales are betting that DEX activity will surge if CPI drops and the tides of risk-on sentiment return, pushing on-chain trading volumes to new heights.
Chainlink (LINK)
Since July 10, LINK has experienced a 6.19% increase in whale holdings, now sitting at a more respectable 2.84 million tokens. A notable surge occurred between July 11 and 12, just before the token price hit a high near $16. One might say the whales have a keen sense of timing.
The top 100 addresses are holding 654.73 million LINK, a slight increase from earlier in the week. Meanwhile, exchange balances dropped 1.51%. Coincidence? We think not. LINK is moving to self-custody or cold wallets, a sign of long-term confidence. The price of LINK surged almost 18% this week, showing that the whales are quietly accumulating with a gleam in their eyes.
Optimism is in the air, it seems. The whales sense something in the market, and it smells like opportunity.
Curve DAO (CRV)
CRV’s crypto whale wallets have added 1.65% more tokens, bringing their total holdings to 6.18 million. The increase may seem small, but there is a quiet persistence to it. The balance line steadily climbs, as if the whales are subtly re-accumulating over time. How very patient of them.
The top 100 wallet holdings have risen by a mere 0.06%, suggesting that the largest holders are carefully eyeing this one, accumulating bit by bit. The price of CRV climbed to $0.69, a neat 7% gain from the previous day, mirroring the steady pattern of accumulation.
Curve is known for stablecoin swaps, offering low fees and deep liquidity. In other words, it’s a cozy little haven for large wallets looking for a safe bet ahead of the CPI release. Hedges, my dear friends. Hedges.
Honorary Mention: SPX6900 (SPX)
The SPX6900 token, a modest symbol for the meme coin sector, showed a 1.1% rise in crypto whale holdings. Top 100 wallets added 4.63% more tokens this week. It may be small potatoes compared to the others, but the direction is clear—meme coins are making their move.
The token price has edged closer to $1.60, and the inflow pattern from July 10–13 shows a curious synchrony. A coordinated effort, perhaps?
Even amidst the CPI-driven caution, this quiet uptick in SPX suggests that some traders are still holding onto the hope of a meme coin supercycle. Why? Because who doesn’t like a good gamble, especially if inflation data favors risk-on sentiment?
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2025-07-14 22:37