Crypto whales are strategically adjusting their portfolios in anticipation of the March US Consumer Price Index (CPI) data release, which is expected to show a significant increase due to rising energy costs. Ethereum (ETH) has seen substantial accumulation, with whale wallets increasing by 500,000 ETH, equivalent to approximately $1.09 billion. This move suggests confidence in a potential relief rally driven by softer core CPI data.
Conversely, Uniswap (UNI) has experienced selling pressure, with whale wallets reducing holdings by 2.48%, translating to about 90,000 UNI sold. This trend reflects a broader DeFi sector de-risking ahead of the CPI announcement. Meanwhile, Chainlink (LINK) has witnessed a surge in whale accumulation, with an increase of 1.89 million LINK tokens, valued at around $16.93 million, indicating optimism for a macro catalyst from the CPI data.
Crypto Whales Adjust Portfolios Ahead of US CPI Release
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