Whale's Major Action: Before the release of the US CPI, top wallets increased their holdings of 1INCH, LINK, and CRV.

As Bitcoin (BTC) prices hover near historical highs, mid-cap alts are attracting the attention of top crypto assets wallets. In the past seven days, tokens such as 1inch (1INCH), Chainlink (LINK), and Curve (CRV) have seen new highs in open interest, with the increase in investor balances and the rise in outflows from exchanges being clear evidence. Below are the trends of these funds and their potential impacts.

1inch (1INCH)

In the past 24 hours, the number of 1INCH tokens held by whales has increased by 5.65%, bringing their total holdings to 9.56 million. At the same time, the top 100 addresses still hold approximately 1.26 billion 1INCH tokens, although their holdings have slightly decreased, indicating a redistribution of 1INCH rather than an outflow.

The chart shows that since around noon on July 14, the digital currency has exhibited a steady upward trend, reflecting a recovery in demand, while the token price has fluctuated between $0.32 and $0.34. At the same time, the smart contract and exchange balances have remained basically unchanged, indicating that this operation is primarily driven by the accumulation from large wallets.

Despite the 5.65% increase in whale open interest, the price of 1INCH dropped nearly 8% compared to the previous day, indicating that whales may be positioning themselves in advance to respond to the expected growth in on-chain transaction volume, rather than chasing short-term profits.

If CPI declines and risk appetite sentiment rebounds, thereby boosting on-chain trading volume, crypto giants may turn to 1INCH, betting that activity in decentralized exchanges (DEX) will increase.

(Source: Nansen)

Chainlink (LINK)

Since July 10, the open interest of LINK has increased by 6.19%, currently reaching 2.84 million coins. The most significant growth occurred during the period from July 11 to 12, when the open interest surged sharply before the token price reached a local high of nearly 16 dollars.

Currently, the top 100 addresses hold 654.73 million LINK, which is a slight increase compared to the beginning of this week. The exchange balance has decreased by 1.51%, reinforcing the view that LINK is being transferred to custodial wallets or cold wallets. The price of LINK has risen by nearly 18% over the past week, indicating that crypto assets whales are accumulating more.

This shows a new sense of optimism.

(Source: Nansen)

Curve DAO (CRV)

The crypto whale wallet of CRV increased its token by 1.65%, bringing its total holdings to 6.18 million. Although the change is small, the pattern has remained consistent over the past 24 hours; the yellow balance line shows that the balance has steadily increased overnight until the morning of July 14.

The open interest of the top 100 Wallets has increased slightly by 0.06%, indicating that large holders are gradually re-accumulating. The price of CRV has risen to nearly $0.71, an increase of almost 7% compared to the previous trading day, consistent with the accumulation pattern of whales.

Curve specializes in providing stablecoin exchange services, with low fees and strong liquidity, attracting a large number of investors seeking hedges as inflation data is about to be released, such as the U.S. Consumer Price Index (CPI) being published tomorrow.

(Source: Nansen)

SPX6900 (SPX)

The SPX6900 Token is often regarded as the industry benchmark for meme coins. This week, its Crypto Assets whale open interest increased by 1.1%, and the top 100 Wallets increased their holdings of the token by 4.63%. Although smaller in scale compared to other coins, this influx of funds adds weight to the revival of meme coins.

The SPX price is approaching $1.60, and the fund flow pattern from July 10 to 13 shows a coordinated entry point.

Despite the cautious sentiment triggered by the CPI, the slight rise in SPX indicates that some traders are still betting that the meme coin supercycle will continue, especially if inflation data supports a risk-on sentiment.

(Source: Nansen)