Global #whale activity

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has been experiencing a significant price drop recently.

While the cryptocurrency market has been experiencing a rough patch, with major coins like Ethereum taking double-digit tumbles, there's a curious trend emerging: whales are accumulating Bitcoin.

Polygon (MATIC), a leading layer-2 scaling solution for Ethereum, has been facing headwinds recently due to a significant increase in selling pressure from large holders, often referred to as "whales."

Shiba Inu (SHIB) has been in the headlines recently, with whale activity spiking over the past day. According to on-chain data, a whopping 1.55 trillion SHIB tokens were transferred by large holders within the last 24 hours, amounting to roughly $26.6 million at current prices.

While the overall cryptocurrency market experiences a slump, Toncoin (TON), the digital currency linked to the messaging app Telegram, defies the trend. TON has seen a 20% price increase in the past month, even as the global market capitalization dips 15%.

Chainlink (LINK) has seen an unprecedented surge of 1,453% in whale activity, igniting speculation across the cryptocurrency market about potential upcoming developments. This surge in large-scale transactions has captured the attention of investors and analysts alike, prompting discussions about what could lie ahead for one of the leading decentralized oracle networks.