The US CPI data is about to be released, and whales are betting on the following tokens: Ethena (ENA), Uniswap (UNI), Ondo (ONDO).

On the eve of the release of the U.S. consumer price index (CPI) data on September 11, Crypto Assets whales are actively adjusting their positions. This CPI data is the last important macroeconomic report before the Fed's September meeting, and its results will directly influence whether the Fed will cut interest rates and the extent of any rate cuts. In the face of this uncertainty, whales are selectively positioning themselves, allocating funds to risk-seeking, safe-haven, and balanced assets. Here are three Crypto Assets that have attracted the attention of whales on the eve of the CPI release.

Ethena (ENA): A balanced choice that combines offense and defense

(Source: TradingView)

Ethena (ENA) has increased by 11% in the past 24 hours, with a weekly gain of 22.7%. The reason it has attracted the attention of Whales is that it is seen as a "balanced choice" that combines offense and defense in the current market environment. Recently, major CEXs have launched Ethena's USDe stablecoin and introduced USDm pegged to MegaETH, which adds credibility to the ENA network.

These developments make ENA attractive in both market scenarios: if the consumer price index cools, the interest rate cut expectations will drive market funds towards risk assets, and ENA will benefit from the overall increase; if the consumer price index rises, market demand will shift to projects with stable coin depth, and ENA can also remain robust. In the past week, Whales have increased their holdings by about 8.25 million ENA, worth about 7 million dollars, while exchange balances have fallen, indicating that funds are accumulating rather than taking profits. Technically, ENA has broken through 0.77 dollars, with the next resistance level at 0.87 dollars. If it can hold, the target price will point to 0.95 dollars and 1.16 dollars.

Uniswap (UNI): Risk Appetite Bets on DeFi Recovery

(Source: TradingView)

As a leading decentralized exchange token, Uniswap (UNI) has risen by 3.5% in the past 24 hours and over 2% this week. Its long-term upward trend remains intact, with a cumulative increase of 16% over the past three months. The rise of UNI is attributed to the recovery in the DeFi sector, where the total value locked (TVL) has recently exceeded $160 billion. Against this backdrop, UNI has become an important "risk appetite" bet for Whales ahead of the CPI data release.

Since September 4, the Whales have accumulated 40.82 million UNI, worth nearly 398 million USD. This significant influx of funds indicates that even with rising inflation data complicating interest rate cut expectations, the Whales remain confident in the role of UNI in DeFi and their own investment portfolios. Technically, UNI's Relative Strength Index (RSI) has shown a "hidden bullish divergence," suggesting that the upward trend will continue. If it can hold above 9.86 USD, the price is expected to test 10.70 USD and 11.60 USD.

Ondo (ONDO): A Robust Bet Under the RWA Narrative

(Source: TradingView)

Ondo (ONDO) has increased by 5.7% in the past 24 hours and by 6% this week. This rise is accompanied by a new round of Whale accumulation. Since September 4th, the Whale's ONDO holdings have increased from 7.77 billion coins to 8.08 billion coins, representing a net increase valued at approximately 300 million dollars.

ONDO focuses on real-world assets (RWA), making it more robust than speculative assets, which is a balanced bet for Whales. If the CPI data cools and expectations for interest rate cuts increase, ONDO will benefit from the overall market rise; if the CPI rises, its RWA focus can still maintain stable demand. Technically, ONDO has broken through the resistance level of $0.95, and the momentum indicator Bull-Bear Power has turned positive. If it can close above $1.00, it will pave the way for a sprint to $1.11.

Conclusion

On the eve of the critical consumer price index data release, crypto assets whales are exhibiting selective accumulation behavior, highlighting their complex and cautious strategy in an uncertain market. By diversifying funds across different types of assets, these large participants are strategically positioning themselves to profit from the next significant market fluctuation, regardless of whether the inflation data is bullish or bearish.