I just took a glance at the on-chain data and found this wave of trending topics to be quite interesting, especially $HYPE . Hyperliquid Labs pulled off a slick operation, distributing 333,000 HYPE tokens to the team on April 6, worth 13 million dollars. As soon as this news broke, many people must have thought, it's over, a crash! But brothers, I saw the shadow of whales.
Although HYPE has short-term unlocking pressure from the team, its weekly trading volume has directly surged to 50 billion dollars, and the number of users has exceeded 100,000. This is solid data. Even more, HYPE skyrocketed 44% in March, traditional financial assets are starting to pile in, and whales have spent 4 million U to crazily accumulate, with the token buyback mechanism continuously devouring circulating chips. This explosive power, this ambition, Arthur Hayes directly called a target of 150 dollars, this is not FUD, this is giving away money! Just go for it!
Looking at $BTC , retail investors are currently FOMOing uncontrollably, but I've been watching the whale addresses and noticed something amiss. Those holding 100,000 to 1 million BTC big players directly reduced their holdings by 5,200 BTC around March 24. The big players are retreating! Furthermore, there are a large number of trapped positions between 66,900 and 69,400 dollars, as soon as it goes up, someone wants to run. Plus, analyst Willy Woo has indicated that the bottom may be between 46,000 and 54,000 dollars. The market is filled with signals of 'washing' and 'redistribution'. Retail investors are now mindlessly rushing in, purely lifting the sedan for the big players, be careful of getting buried!
On the other side, $AAVE appears to show retail investors FOMOing, but the on-chain data is even more interesting. Aave currently has a TVL of 25.65 billion dollars, with 42.69 billion dollars lying in the liquidity pool, and an annual income of 75.7 million dollars, pretty impressive, right? The key is that smart money wallets on-chain have almost doubled their holdings, and the supply of AAVE on exchanges has plummeted from 40.16% to 28.8%! What does this indicate? Smart money is quietly accumulating, waiting for long-term holding, while the overall market sentiment is 'extreme fear'. Retail investors have just started FOMOing, it’s like they’ve just realized what smart money is doing, this wave is not just retail investors, these are fresh entrants. I believe, following the smart money, this wave is worth chasing!
