Bitcoin is likely to fall further before the support levels that indicate the end of the bull run are broken. This decline could fall to the $79-80 thousand range. There is an old saying in the crypto world: "When there is blood on the streets, buy." Crypto expert Camille Lemmens says that this is the moment when future millionaires are created. Therefore, the expert is following the smart money today and highlights LINK Coin and two other altcoins in particular.
İlk Altcoin: Chainlink (LINK Coin)$LINK
The market is in a sharp decline and Bitcoin has lost 10%. It is best not to review your portfolio right now because it is demoralizing. However, despite this, smart money, namely whales, continues to shop for altcoins. A new development that shapes this situation is Trump’s DeFi protocol called World Liberty Financial (WLFI). WLFI has purchased 6 altcoins since November 30, one of which is Chainlink (LINK Coin). WLFI took a significant step by purchasing 2 million LINK Coins at an average price of $ 25.21.
This has caused a few whales to turn to LINK. While the market is generally down, LINK Coin has also been affected. However, it is important to follow the whales’ movements: One whale sold 120,814 LINK Coins for 3.019 million USDT and then bought back 134,433 LINK. This was his third trade, making a 71.4% profit on the first two trades, or close to $3.29 million. Another whale recently withdrew 594,998 LINK Coins worth $17.31 million from Binance. LINK is currently down 7.6% and its price is $22.94, representing a 21.5% loss in the last 7 days. However, whales seem confident in the future of LINK Coin.
Second Altcoin: Ethena (ENA)$ENA
Another altcoin that has attracted whales’ attention today is Ethena (ENA). Despite Bitcoin falling below $100,000, this movement is being observed. We previously reported that WLFI has purchased 6 altcoins, and one of these coins is Ethena (ENA). WLFI currently holds $47.5 million worth of crypto assets, including $750,000 worth of ENA Coin purchased at $1,011. On December 18, WLFI and Ethena Labs announced that Ethena has integrated its sUSDe token with the World Liberty platform. This collaboration is supported by the Aave WLFI platform, and it is stated that Ethena offers a synthetic dollar protocol on Ethereum. In the last 3 days, a new wallet has been seen withdrawing 13.65 million ENA Coins, which is approximately $13.42 million. Whales have also purchased 36.55 million ENA Coins. However, ENA Coin is currently down 23%.
Cardano (ADA) and Whale Movements$ADA
Finally, Cardano (ADA) is another altcoin that has attracted whales. On December 17, a whale activity of $1 million was observed, with a total of 687 transactions, meaning an average of $1,455 worth of trading per transaction. ADA whales took profits when the price rose and sold between $1.15 and $1.33. However, the ADA price is currently at 84 cents and whales are starting to buy again. In particular, 160 million ADA Coins were purchased when the ADA price dropped to 91 cents on December 18. So, no matter how bad the market conditions seem, there are still investable opportunities. In addition, Hong Kong has approved four more Bitcoin and crypto exchanges. This development in China could be a significant boost for the market.