What Crypto Whales Are Buying and Selling on New Year’s Day 2026
Crypto whales showed mixed activity on New Year's Day 2026, accumulating Chainlink (LINK) and Pendle (PENDLE) while selling Ethena (ENA).Summary
On New Year's Day 2026, crypto whales displayed divergent trading strategies. They accumulated Chainlink (LINK), increasing holdings by 0.36 million LINK, likely anticipating a historically strong January for the asset, provided LINK breaks key resistance at $12.49.
Conversely, whales sold Ethena (ENA), reducing holdings by 20 million tokens, which aligns with a significant 56% drop in ENA's Total Value Locked (TVL) since October and a developing bearish head-and-shoulders pattern on the price chart.
Whales also bought Pendle (PENDLE) despite a bearish chart setup suggesting a potential breakdown below $1.81. This accumulation might be driven by the Smart Money Index crossing above its signal line, indicating informed traders are accumulating, making PENDLE a speculative bounce candidate if it holds support.
(Source：BeInCrypto)