Recent whale movements in the crypto market have brought significant changes in asset allocation. This article examines the latest events in Bitcoin, UNI, and ENA.
Bitcoin Whale Movements
In late August, there was a significant movement in the Bitcoin market as a whale address sold approximately 24,000 BTC worth around $2.7 billion, leading to a price drop below $111,000.
In total, whales sold over $3 billion in BTC during this period, creating a wave of volatility in the market. A significant share of this liquidity was rotated directly into Ethereum, indicating a trend of large holders diversifying their assets.
UNI Accumulation
Uniswap’s UNI token has become a focal point for whale buying this quarter. The top 100 wallets expanded their holdings by 4%, bringing whale-controlled supply to nearly 8.8 million tokens.
Supporting this positive outlook, Uniswap's trading volume in August soared to a record $143 billion, securing its position as the largest decentralized exchange. Additionally, over 61% of UNI futures accounts remain positioned long, strengthening expectations of a price recovery.
ENA and MAGACOIN FINANCE Activities
Ethena's ENA token has also gained traction among whales, with major wallets accumulating over 1 billion tokens, lifting total whale holdings to 6.3 billion ENA. Even during a 10% price dip, whales added 32 million ENA in a single day, indicating aggressive positioning.
Analysts have also begun to highlight MAGACOIN FINANCE as a potential breakout candidate for 2025, noting its strong fundamentals and buyback program.
Recent movements of whales shifting $3 billion in Bitcoin have injected new volatility into the markets while fueling accumulations in UNI and ENA. However, analysts warn that the highest upside opportunity may lie in tokens like MAGACOIN FINANCE.
