What Crypto Whales Are Buying As The US Government Shutdown Nears Its End
Crypto whales are accumulating Aster (ASTER), Pendle (PENDLE), and Uniswap (UNI) tokens ahead of the expected end of the US government shutdown.Summary
As the US government shutdown approaches its conclusion, crypto whales are strategically accumulating specific altcoins, signaling renewed confidence in risk assets. On-chain data highlights significant buying activity in three key DeFi/DEX tokens: Aster (ASTER), Pendle (PENDLE), and Uniswap (UNI).
Whales increased their ASTER holdings by 8.72% in 24 hours, suggesting conviction that market conditions will improve post-shutdown, supported by positive On-Balance Volume (OBV) indicators, though the price is currently in a descending channel.
Pendle (PENDLE) saw an accumulation of about 410,000 tokens, valued at $1.19 million, with the token holding strong support at $2.50 and the Smart Money Index showing higher highs, indicating quiet positioning for an upward move.
Uniswap (UNI) experienced the most significant recent surge, jumping 43% in 24 hours, with whales adding $9.37 million worth of UNI. While technically in a falling broadening wedge, the rally faces immediate resistance at $10.77, though a hidden bearish divergence on the RSI suggests caution regarding the rally's immediate sustainability.
(Source：BeInCrypto)