Whales Accumulate SYRUP and LINK, Trim POL Ahead of January US CPI

Whales Accumulate SYRUP and LINK, Trim POL Ahead of January US CPI — Assets.beincrypto.com
Image source: Assets.beincrypto.com

Beincrypto reports crypto whales are repositioning ahead of the January US CPI print, accumulating Maple Finance (SYRUP) and Chainlink (LINK) while trimming holdings in Polygon’s POL. On-chain data shows SYRUP whale wallets added 7.41% in the past 24 hours—about 480,000 SYRUP, roughly $0.19 million—and whale balances are up over 718% on a 30-day basis.

SYRUP has risen nearly 40% over 30 days, trading above major EMAs after the 20-day EMA crossed the 50- and 100-day EMAs; a daily close above $0.40 would target $0.46 then $0.50, while losing $0.36 and $0.34 would signal downside toward $0.30. Chainlink whales increased holdings from 503.12 million to 503.51 million LINK, adding about 390,000 LINK (~$6.6 million); LINK is forming a double bottom on the 12-hour chart and must clear $13.50 and then $14.90 to extend toward $15.50 and $17.01, while a drop below $12.90 weakens the recovery and a loss of $11.70 would invalidate the pattern.

Large POL holders between 10 million and 100 million tokens cut balances from 585.39 million to 582.37 million POL, a reduction of about 3.02 million, after a multi-day rally; POL is up around 20% on the week but slipped nearly 4% over 24 hours, with on-balance volume rolling over.


Key Topics

Crypto, Maple Finance, Chainlink, Polygon, Us Cpi, Whales