According to LookOnChain data, in the past two days, a whale named 0x3c9E withdrew 510,000 LINK (worth $11.13 million) from Binance and sent it to the Compound platform. Other whales are also speeding up their purchases; 0x42A1 spent $1.34 million to buy 59,560 LINK in the past four hours, while 0x848a bought 44,846 LINK for $1 million just five hours ago.
Institutional investors are also showing increasing interest in the market. A mysterious organization created two new wallets in the last hour, collecting 44,999 ETH ($194 million). Over the past seven days, this organization has purchased a total of 266,165 ETH ($1.15 billion) from major platforms like FalconX, Galaxy Digital, and BitGo.
The stablecoin market is also witnessing significant activity. The total market capitalization of stablecoins has increased by $2.376 billion. The amount of USDT and USDC held on Ethereum increased by $898 million, while Aptos decreased by $131 million.
The trading volume of spot transactions on decentralized exchanges (DEX) reached $95.978 billion last week, down 6.95% compared to the previous week. Among the leading platforms, Uniswap saw a volume increase of 10.35% to $28.232 billion during the week, while PancakeSwap and Raydium decreased by 14.35% and 16.27%, respectively.
The trading volume of futures on DEX exchanges has decreased to $110.794 billion, down 8.54% compared to last week. Hyperliquid dropped 11.29%, while edgeX significantly increased by 38.23%.
Meanwhile, this mysterious organization has opened six new wallets and collected a total of 221,166 ETH ($946.6 million) from FalconX, Galaxy Digital, and BitGo. Many "whales," such as famous cryptocurrency investor Arthur Hayes, are buying back ETH that they previously sold, despite the market price rising.