Crypto Whales Make Major Moves in Unexpected Altcoin Bets

On-chain analysis reveals that a new crypto whale has recently invested heavily in two distinct altcoins, demonstrating a strategic approach to risk management. The whale made significant withdrawals from Chainlink (LINK) and Pepe (PEPE), securing a total investment of $1.9 million and $1.08 million respectively. Interestingly, the whale’s portfolio appears to be entirely focused on these two specific assets, while their activity in other cryptocurrencies is negligible. Meanwhile, data tracking large cryptocurrency movements shows that another substantial whale recently unstaked a considerable amount of Solana (SOL) worth over $51 million. This whale transferred a significant portion of this stake to Kraken exchange, likely for immediate sale. These moves suggest the whale’s intention to capitalize on short-term market opportunities. In another instance, PumpFun, a platform known for launching memecoins, has significantly contributed to the cryptocurrency exchange Kraken with 15.83 million SOL worth, exceeding $314 million in sales this year.