Crypto Whales Position Ahead of CPI Release

Crypto whales are gearing up for the March Consumer Price Index (CPI) release, with some tokens showing significant accumulation and others experiencing selling pressure.

Ethereum (ETH) has seen a substantial surge in whale activity, with Santiment data showing 500,000 ETH worth $1.09 billion added to wallets in hours. This increase dwarfs other tokens and suggests that large holders are betting on a softer undertone in the CPI data, which is expected to show a hot print due to energy costs.

Uniswap (UNI), on the other hand, has seen consistent selling pressure from whales over the past seven days, with Nansen data showing a 2.48% cut in holdings. This aligns with broader DeFi profit taking and suggests that large holders are de-risking ahead of the CPI release.

Chainlink (LINK) rounds out the altcoin whale buying picture, with Santiment data showing a sudden surge in accumulation over the past few hours. The oracle infrastructure provider's whale wallets have climbed by 1.89 million tokens, translating to approximately $16.93 million in fresh buying.