• Whales in the cryptocurrency market distribute assets like $UNI and $ENA and $ADA ahead of Trump's announcement regarding global tariffs on August 7.

  • Large UNI holders have reduced their token consumption by 98%, indicating a potential sale and a price drop to $8.67.

  • Whale holders of ENA have reduced their holdings by 25%, with a potential price drop to $0.48 if the trend continues.

The Trump administration will announce the complete details of tariffs affecting most countries by August 7.

These announcements about tariffs usually lead to volatility in stock and cryptocurrency markets. Therefore, it seems that large cryptocurrency holders, commonly known as whales, are repositioning themselves ahead of the news and distributing some assets.

1- Uniswap (UNI)

The decentralized finance (DeFi) token UNI is one of the assets that appear to be distributed by cryptocurrency whales before August 7. This is reflected in the net flow of its large holders, which has decreased by 98% in the past seven days, according to IntoTheBlock.

Net flow of large UNI holders.

Large holders are addresses that hold more than 1% of the circulating supply of an asset. According to the data provider, the net flow metric of large holders tracks the difference between inflows and outflows of tokens to and from the wallets of these addresses.

When they decline, these large holders transfer their assets from accumulation wallets, often towards exchanges or other destinations where they can be sold.

In the case of UNI, the 98% drop in net flow of large holders over the past week indicates that whale wallets have sharply reduced their receipts of tokens. This suggests a wave of distribution that could add selling pressure to UNI ahead of August 7.

If selling continues, the price of the token may drop to $8.67.

UNI price analysis.

However, if buying pressure increases and traders take more positions, this could push the price of UNI to $10.25.

2- Ethena (ENA)

ENA, the original token powering the Ethereum-based Industrial Dollar Protocol Ethena, is another asset that cryptocurrency whales are selling before August 7.

Data from Nansen reveals a decline in activity among large ENA holders over the past week. According to the on-chain data provider, the token balance in wallets of whales holding tokens worth more than $1 million decreased by 25% in the past seven days.

As of this writing, this cohort of ENA investors holds approximately 42 million tokens.

ENA whale activity.

This selling trend follows ENA's continued decline from its cycle peak of $0.70, recorded on July 28, as traders rush to secure profits. If the bearish momentum continues, ENA could slide further towards the support area at $0.48.

  • ENA price analysis.

  • Conversely, a recovery in buying pressure could pave the way for a rebound towards $0.64.

  • 3- Cardano (ADA)

  • The layer one (L1) token ADA is another digital asset that big investors are distributing before Trump announces global tariffs on August 7.

    According to chain data from Santiment, whale addresses holding between 1 million and 10 million tokens sold 80 million ADA in the past seven days.

  • ADA supply distribution.

  • If these large whales continue to distribute, flooding the market with supply that exceeds demand, ADA could slide towards $0.66.

  • ADA price analysis.

  • However, a sharp increase in buying interest could push the altcoin past the resistance level at $0.76.

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