Citing Bitjie, major whale wallets have increased withdrawals from exchanges, with three wallets alone transferring nearly $15.9 million in assets, including tokens like PUMP, CLOUD, KMNO, JTO, and DRIFT, primarily from Solana-based protocols. Arthur Hayes also moved $5.53 million worth of ETH into DeFi protocols Pendle, Lido, and Ethena, signaling a strategic shift toward yield and staking platforms as whales position for potential future price gains.
Arthur Hayes Sells ETH, Buys DeFi Tokens as Whale Activity Surges
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Summary
Arthur Hayes moves $5.53 million ETH into DeFi protocols like Pendle, Lido, and Ethena, as ETH news highlights growing whale activity. Major whale wallets withdrew nearly $15.9 million from exchanges, with tokens like PUMP, CLOUD, and DRIFT linked to Solana-based platforms. A DeFi exploit remains a risk, but whale behavior suggests a focus on yield and staking strategies.
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