Ah, the crypto whales, those behemoths of the blockchain world, whose every flick of the fin sends ripples through the market. And, dash it all, they’re making a splash by offloading some of their altcoin holdings! Specifically, Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO) are getting the old heave-ho. One can’t help but wonder, old chap, what this portends for the market’s future. π€
Uniswap (UNI): The Whale’s Lost Interest π³π
Uniswap, that esteemed decentralized exchange, seems to have fallen out of favor with the big fish. Wallets holding a tidy sum of 10,000 to 100,000 UNI have dwindled, indicating a distinct lack of enthusiasm among the crypto aristocracy. This trend, might I add, predated Trump’s Liberation Day tariffs and has persisted, with the number of these wallets decreasing from 825 to 821 in a mere 24 hours. Good show, old bean! π
Currently, UNI is mired in a downtrend, and if this continues, it might take a bit of a tumble to around $5.50. However, should the buying pressure return with a vengeance, the token might bounce back to $5.97 and even make a dash for $6.23. Fingers crossed, eh? π€
Chainlink (LINK): Whales in a Tizzy ππ
Chainlink, the blockchain oracle of note, is experiencing a spot of uncertainty among its whale contingent. Prior to Trump’s Liberation Day, these gents were accumulating LINK with gusto, increasing their holdings from 2,852 to 2,860. However, post-event, the number of wallets holding 10,000 to 100,000 LINK has decreased to 2,855. A small change, perhaps, but enough to suggest some large investors are taking their profits or getting cold feet. π
As of now, Chainlink (LINK) is trading around $12.87. Experts opine that it’s attempting to establish a strong support at $12. If it fails to hold this level, the price might take a bit of a nosedive to around $10. On the other hand, if LINK breaks above resistance, it could climb to $13 and even reach for the stars at $15. π
ONDO Finance (ONDO): Investor Confidence Takes a Dive ππ¬
Ondo Finance, that rising star in decentralized finance, had been basking in the attention of large investors between March 26 and March 29. During this time, the number of whale wallets increased from 376 to 390. Alas, after reaching its peak, the number dropped slightly from 374 to 371 following Trump’s Liberation Day. This suggests, old chap, that some big investors might be having second thoughts. π€·ββοΈ
As of now, the ONDO price is trading at around $0.80, reflecting a drop of 2.5% in the last 24 hours. If buyers decide to push the price higher, it could break past $0.82 and potentially reach for $0.90 or even $0.95. π But if the selling pressure continues, the key support levels to watch are $0.76 and $0.73. Do keep your wits about you, dear investor! π
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2025-04-05 11:38