What Crypto Whales Are Buying and Selling Ahead Of The March US CPI Print
Crypto whales are accumulating Pump.fun (PUMP) and Chainlink (LINK) while showing mixed signals for Morpho (MORPHO) ahead of the uncertain March US CPI release.Summary
As markets anticipate the February US CPI data release (the March print), which is expected to be slightly hotter due to oil price swings, on-chain data reveals how large crypto holders are positioning themselves. Analysts tracking crypto whales identified three tokens with notable activity. Pump.fun (PUMP) saw an 18.63% increase in whale holdings over 24 hours, equating to about $4.34 million in buying, coinciding with a potential inverse head-and-shoulders reversal pattern on the chart. Chainlink (LINK) also experienced steady accumulation, with whales buying about 800,000 tokens ($7.2 million), supported by a bullish divergence on the RSI suggesting weakening selling momentum. Conversely, Morpho (MORPHO) showed complex activity: whales sold 26.53% over seven days but recently increased holdings by 8.71% in the last 24 hours after the token broke out of a bullish flag consolidation. Despite the recent buying, MORPHO shows a developing bearish divergence on the RSI, suggesting caution.
(Source：BeInCrypto)