World

Liberty

DeFi

Ethena

<h4>Is the bull run over? After yesterday’s crash, the crypto market tanked a bit more today, too. However, I have good news for you.&nbsp;The bull run is NOT over yet. Although Bitcoin lost the $100k threshold, we’re still fully on track to hit the next leg up of this bull run.</h4> 
Bitcoin could drop a lot more, before we break support levels that indicate that this bull run is over. That is around the $79-$80k range.&nbsp;So, an old saying is that when blood is in the streets, you need to buy. This is the moment when future millionaires are made. So, today, I will follow the smart money. What altcoins are whales buying? 
<h5>Chainlink ($LINK)</h5> 
The market has been crashing hard. Bitcoin saw a 10% drop. It’s best not to look at your portfolio right now, since it <a href="https://x.com/AlphaWhale_/status/1869841590707204201" target="_blank" rel="noopener">feels like this</a>. Despite this, smart money, like whales, are on shopping sprees for altcoins.&nbsp; 
One new outlet that’s making waves is Trump’s <a href="https://www.worldlibertyfinancial.com/" target="_blank" rel="noopener">World Liberty Financial</a>, or WLFI. It’s his <a href="https://www.altcoinbuzz.io/category/defi/" target="_blank" rel="noopener">DeFi</a> protocol. It has been buying 6 altcoins since 30th November. One of them is Chainlink ($LINK). WLFI bought for $2 million $LINK at a $25.21 average price.&nbsp; 
This caused quite a few <a href="https://www.altcoinbuzz.io/?s=whales" target="_blank" rel="noopener">whales</a> to also dip into $LINK. Most of the market is down, so a lot of strong coins are also dipping. This includes $LINK. 
However, look at what this whale did. He sold 120,814 $LINK for 3.019 million $USDT. He just bought back 134,433 $LINK. And this is not his only $LINK trade. It was his third. So, from his first two trades, he had a 71.4% profit. That translates to $3.29 million. Not bad for a day’s work at the office. 
<blockquote class="twitter-tweet"> 
 What a successful <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> sell-high, buy-low round! 
 Yesterday, whale 0xd51 “pleven.eth” sold 120,814 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> for 3.019M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> and, just 6 hours ago, used the proceeds to buy back 134,433 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> right at the bottom of the dip. 
 Currently, this whale is on its third <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> trade. From… <a href="https://t.co/iwWURBwpqv">pic.twitter.com/iwWURBwpqv</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1869936406799540247?ref_src=twsrc%5Etfw">December 20, 2024</a>
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Another whale recently withdrew 594,998 $LINK from Binance, worth $17.31M. Nonetheless, the current $LINK dropped by 7.6% for the day. The current $LINK price is $22.94. That’s 21.5% down over the last 7 days. Still, as you can see, whales stay confident. 
<h5>Ethena ($ENA)</h5> 
So, the next of today’s altcoins that piques the whales’ interest is <a href="https://ethena.fi/" target="_blank" rel="noopener">Ethena</a> ($ENA). That’s despite Bitcoin’s dump to below the $100k threshold. Bitcoin actually dropped to $97k. See the picture below. 
<img decoding="async" class="aligncenter wp-image-158326 size-large" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-1024x475.jpg" alt="Altcoins" width="696" height="323" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-1024x475.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-300x139.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-768x356.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-905x420.jpg 905w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-696x323.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427-1068x495.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/12/Screenshot-2024-12-20-143427.jpg 1205w" sizes="(max-width: 696px) 100vw, 696px"> 
That’s exactly what our Altcoin Alpha group predicted. If you want to be in on the forefront of such great market research, you can <a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener">sign up</a> for our Altcoin Alpha group. Here’s the <a href="https://subscord.com/store/1209615650750988308" target="_blank" rel="noopener">link</a>.&nbsp; 
So, back to Ethena and WLFI. I mentioned already that WLFI bought 6 altcoins. Besides $LINK, WLFI also bought $ENA. WLFI already bought crypto assets worth $47.5 million. This includes a $750K allocation worth of $ENA, bought at $1.011.&nbsp; 
<blockquote class="twitter-tweet"> 
 After announcing a partnership with <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw">@ethena_labs</a>, Donald Trump’s World Liberty Financial (<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@worldlibertyfi</a>) spent 250K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy another 231,726 <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ENA</a> 20 minutes ago! 
 Since November 30, World Liberty Financial has spent $45M to buy 6 crypto assets, including: 
 • 8,105 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>… <a href="https://t.co/qD12WmjT7X">https://t.co/qD12WmjT7X</a> <a href="https://t.co/PrFmUH4KLH">pic.twitter.com/PrFmUH4KLH</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1869476938823438648?ref_src=twsrc%5Etfw">December 18, 2024</a>
</blockquote> 
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On 18th December, WLFI and Ethena Labs announced a partnership. This integrates Ethena’s $sUSDe token with World Liberty’s platform. To clarify, Aave backs the WLFI platform. That’s a DeFi giant in cahoots with WLFI.&nbsp; 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f985.png" alt="🦅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Excited to announce the collaboration between World Liberty Financial (WLFI) and Ethena Labs! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f985.png" alt="🦅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 First step: exploring sUSDe integration into WLFI’s lending platform, bringing new opportunities for DeFi users worldwide.<a href="https://t.co/HvGDHcJTXW">https://t.co/HvGDHcJTXW</a> 
 — WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1869454093015760977?ref_src=twsrc%5Etfw">December 18, 2024</a>
</blockquote> 
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Ethena is a synthetic dollar protocol on Ethereum. That synthetic dollar is <a href="https://app.ethena.fi/buy" target="_blank" rel="noopener">$USDe</a>. The $sUSDe is a staked version of $USDe. By depositing $USDe, you can earn rewards in $sUSDe and $WLF.&nbsp; 
Over the past 3 days, we saw a newly created wallet <a href="https://intel.arkm.com/explorer/address/0x72F8a6947EbE59862c79a715cab9669A0aC97e6e" target="_blank" rel="noopener">withdraw 13.65M $ENA</a>. 8A That was worth $13.42 million.&nbsp;Whales also bought over 36.55 million worth of $ENA.&nbsp;However, the current $ENA price dropped 23% and is down to 87 cents. 
<blockquote class="twitter-tweet"> 
 During the recent price dip, whales bought over 36.55 million <a href="https://twitter.com/hashtag/Ethena?src=hash&amp;ref_src=twsrc%5Etfw">#Ethena</a> <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ENA</a>! <a href="https://t.co/U410ClRCbW">pic.twitter.com/U410ClRCbW</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1869487625691955658?ref_src=twsrc%5Etfw">December 18, 2024</a>
</blockquote> 
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Here’s also a new stablecoin platform, <a href="https://usual.money/" target="_blank" rel="noopener">Usual</a>, that launched yesterday. This is a decentralized fiat-backed stablecoin issuer. It’s also a direct competitor of Ethena, and its $USUAL token pumped 24% over the last 2 days. The current <a href="https://www.coingecko.com/en/coins/usual" target="_blank" rel="noopener">$USUAL price</a> is $1.42. 
Both projects are worth keeping an eye out for. 
<h5>Bitcoin ($BTC)</h5> 
No surprise here, but whales are buying <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> at these levels, too.&nbsp;In the recent market dip, whales bought more than $1 billion worth.&nbsp;Is it due to rumors of a Strategic Bitcoin Reserve in the US or elsewhere?&nbsp; 
<blockquote class="twitter-tweet"> 
 Whales bought over $1 billion worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> during the recent market dip! <a href="https://t.co/dfYl8QC41Z">pic.twitter.com/dfYl8QC41Z</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1869811687462957206?ref_src=twsrc%5Etfw">December 19, 2024</a>
</blockquote> 
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Or is it the demand from ETFs who bought $6.7 billion in the last 15 days, including this dip? 
What about El Salvador continuing to stack its reserve as an example for other countries, including buying some with the IMF’s money? 
<blockquote class="twitter-tweet"> 
 El Salvador just bought 11 Bitcoin <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 The country just received a $1.4 billion dollar loan from the IMF and today they bought $1M in Bitcoin. 
 LETS FUCKING GO. <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f410.png" alt="🐐" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f8-1f1fb.png" alt="🇸🇻" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/WddEAXs6hw">pic.twitter.com/WddEAXs6hw</a> 
 — The ₿itcoin Therapist (@TheBTCTherapist) <a href="https://twitter.com/TheBTCTherapist/status/1869902688629973220?ref_src=twsrc%5Etfw">December 20, 2024</a>
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Or is it the supply crunch many people see coming when miners are only releasing 450 new BTC per day? 
Or maybe it’s all of these things in the context of a bull market that starts in Bitcoin and then extends into alt season. Funds are flowing into Bitcoin. 
Those who know see that we are in an active bull market now. And this temporary drop in price is just buying the best at a discount. That goes for Bitcoin and the other coins on our list today. 
<h5>Cardano ($ADA)</h5> 
Cardano (ADA) is the last stop for whales. Keep an eye out for my new video on Cardano, how many $ADA it takes to become a millionaire. That will go live tomorrow. 
So, whales have been very active with buying Cardano, or rather, the $ADA token. On 17th December, there was whale activity to the tune of $1 million USD. That took 687 transactions, so an average of $1,455 per transaction. 
<blockquote class="twitter-tweet"> 
 A massive surge in whale activity on the <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> network! In the past 24 hours, 687 transactions exceeding $1 million were recorded. <a href="https://t.co/p8vzuLaFVP">pic.twitter.com/p8vzuLaFVP</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1868727040545112342?ref_src=twsrc%5Etfw">December 16, 2024</a>
</blockquote> 
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Other whales are repeating what I showed you with the $LINK whale. The $ADA whales took profit on the way up. They exited between $1.15 and $1.33. However, the current $ADA price is 84 cents, and they’re buying back in. On 18th December, when <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener">$ADA</a> dropped to 91 cents, they bought 160 million $ADA.&nbsp; 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> whales took profits on the way up from $1.15 to $1.33, but after <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> dropped to $0.91, they started buying again. 
 In fact, they’ve bought 160 million <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> since the dip! <a href="https://t.co/13RlCnMpIO">pic.twitter.com/13RlCnMpIO</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1869165428838453311?ref_src=twsrc%5Etfw">December 17, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>So, it’s not all doom and gloom. Here’s something else to cheer you up. Hong Kong approved four more Bitcoin and crypto exchanges. The Chinese are coming, and this should be a massive boost. Also for altcoins. At least, as long as Xi allows money to flow to Hong Kong. 
But here we are. I checked out what whales are buying. So, tell me, what are you buying now? 
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The Crypto DIP Is Here | Best Altcoins To Buy Now

Altcoin Buzz

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