The July US Consumer Price Index (CPI) report is dropping on August 12, and the crypto market is in full-on panic-buy mode, because apparently, inflation data is the new moon phase for traders. 🌝
On-chain data reveals that crypto whales are on a shopping spree, scooping up altcoins like they’re going out of style. Chainlink (LINK), Cardano (ADA), and the utterly ridiculous PEPE token are their latest obsessions. Because, you know, nothing says “financial stability” like a frog-themed meme coin. 🐸
Chainlink (LINK)
LINK, the token that promises to make oracles great again, is suddenly hotter than a Tinder date with a billionaire. Whales are snapping it up like it’s the last avocado at Whole Foods. 🥑
According to Nansen (the crypto world’s nosy neighbor), wallets holding over $1 million in LINK have increased their stash by 11% in the last week. Because who needs a diversified portfolio when you can bet it all on one token? 🤷♀️
This FOMO-fueled buying spree has sent LINK’s price soaring 30% in the past week. If this keeps up, it might hit $25.55, which is roughly the cost of a fancy brunch in NYC. 🥂
But if the whales get cold feet, LINK could drop to $19.51, which is still more than you’ll make from your side hustle this month. 😬
Cardano (ADA)
ADA, the Layer-1 coin that’s been promising to “change the world” since 2017, is finally getting some love from the big fish. Whales holding between 100 million and 1 billion ADA have added 190 million tokens to their vaults in the past week. Because, you know, 100 million just wasn’t enough. 🤑
This whale-induced frenzy has even gotten retail traders excited, pushing ADA to a 14-day high of $0.82. If this keeps up, it might hit $0.92, which is basically the crypto equivalent of winning a participation trophy. 🏆
But if the whales lose interest, ADA could drop to $0.76, which is still more than the value of your last relationship. 💔
PEPE
And now, for the pièce de résistance: PEPE, the Solana-based meme coin that’s as useful as a screen door on a submarine. Whales have increased their PEPE holdings by 2% this week, because apparently, they’ve run out of better things to do with their money. 🤡
As of now, these whales hold 9.01 trillion PEPE tokens, which is roughly the same number of excuses you’ve made to avoid going to the gym. 🏋️♀️
PEPE is currently trading at $0.00001207, up 17% in the past week. If the whales keep buying, it might hit $0.00001315, which is still less than the cost of a latte. ☕
But if the whales bail, PEPE could plummet to $0.000001070, which is basically the crypto equivalent of a participation trophy’s participation trophy. 🏅
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2025-08-11 23:56