Whales Spur Massive Bitcoin and Altcoin Transfers Following Inflation Data

A flurry of intense whale activity has been observed in Bitcoin and various altcoins following recent inflation data. Large-scale transfers have occurred, with a Fireblocks-linked custody wallet sending $19.4 million worth of USD1 stablecoin to Binance within the last hour.

This transaction is particularly notable given that the same wallet has transferred approximately $149.8 million in USD1 to Binance over the past 13 days.

Meanwhile, a long-dormant whale has become active again, withdrawing 116,490 HYPE tokens worth around $9.6 million from OKX after being inactive for about four months.

The Chainlink ecosystem has also seen significant institutional and project-based accumulation, with Grayscale's GLNK ETF acquiring an additional 203,810 LINK worth approximately $2.38 million via Coinbase Prime in the last 18 days.