LINK, ENA, BTC, ADA See Major Activity
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An analyst spots whale acquisition trend amid crypto market pullback. Many whales are accumulating LINK, ENA, BTC, and ADA. Whales’ tactical crypto accumulation suggests bullish market sentiment. Despite the recent crypto market downturn, a cryptocurrency analyst has observed significant whale activity, suggesting that big players are “buying the dip.” This trend, evident in the increased acquisition of Chainlink (LINK), Ethena (ENA), Bitcoin (BTC), and Cardano (ADA), indicates that smart money may be positioning itself for the next bull run. Bull Run to Continue In a recent podcast, the analyst said he was confident that the bull run would continue despite the crypto market’s recent pullback. Despite Bitcoin’s potential to drop lower, the analyst believes it is one of the best times to buy digital assets, as revealed by the actions of crypto whales buying cryptos at lower prices. Read also : Trump-Backed World Liberty Financial Grows Crypto Portfolio to $45 Million In the meantime, the analyst spotted Donald Trump’s new DeFi protocol, World Liberty Financial (WLFI), which is aggressively buying crypto assets. According to the analyst, the protocol recently bought $2 million worth of LINK at an average price of $25.21. He also spotted a unique whale that sold 120,814 LINK for $3.019 million and used the proceeds to buy 134,433 LINK a few hours later. Ethena (ENA) Gains Traction with Whales, WLFI Partnership Several whales are buying ENA, pointing to the crypto asset’s bullish potential. WLFI recently added ENA to its portfolio. The new crypto asset claimed $750,000 of the WLFI’s $45 million investment in crypto assets. The analyst also mentioned the DeFi protocol’s recent partnership with Ethena Labs as one factor behind crypto whales’ positive outlook toward ENA. Despite its recent crash below the $100,000 threshold, the crypto analyst noted that smart money is buying Bitcoin. Whales bought…
Filed under: News - @ December 23, 2024 12:20 pm