In the cryptocurrency market, big whales continue to accumulate Chainlink (LINK) and Ethereum (ETH) with notable purchases. According to LookOnChain data, over the past two days, a whale named 0x3c9E withdrew 510,000 LINK (worth $11.13 million) from Binance and deposited it into the Compound platform. Other whales have also accelerated their buying; 0x42A1 spent $1.34 million for 59,560 LINK in the last four hours, while 0x848a purchased 44,846 LINK for $1 million just five hours ago. Institutional investors are also showing increasing interest in the market. A mysterious institution created two new wallets in the last hour, collecting 44,999 ETH ($194 million). Over the past seven days, the same institution has purchased a total of 266,165 ETH ($1.15 billion) from major platforms like FalconX, Galaxy Digital, and BitGo. The stablecoin market is also experiencing significant activity. The total stablecoin market capitalization increased by $2.376 billion. The amount of USDT and USDC held on Ethereum increased by $898 million, while Aptos saw a decrease of $131 million. Related News: BREAKING: Coinbase Allegedly Invests in This Altcoin - Here are the Details Spot trading volume on decentralized exchanges (DEXs) reached $95.978 billion last week, a 6.95% decrease compared to the previous week. Among the leading platforms, Uniswap saw a 10.35% increase in volume to $28.232 billion on the week, while PancakeSwap and Raydium saw a 14.35% decrease and a 16.27% decrease, respectively. Futures volume on DEXs fell to $110.794 billion, decreasing by 8.54% on the week. Hyperliquid fell by 11.29%, while edgeX saw a notable increase of 38.23%. Meanwhile, the mysterious institution opened six new wallets and collected a total of 221,166 ETH ($946.6 million) from FalconX, Galaxy Digital, and BitGo. Many whales, like renowned crypto investor Arthur Hayes, are buying back ETH they previously sold, despite rising market prices. *This is not investment advice. Continue Reading: Whales Focus on One Altcoin: They Are Accumulating It Heavily
