Sonar
August 1, 2026

Whales executed over $949M in WBTC purchases and $232M in LINK purchases during the week, with notable WETH distribution totaling $79M across multiple verified entities. BTC fell 1.7% to $63079 while ETH rose 0.4% to $1869, and SHIB gained 18.7%. No major news events emerged, leaving whale flows and price snapshots as primary signals. Social activity centered on Ethereum's 11th anniversary and repeated Saylor commentary on Bitcoin holdings.

Market Sentiment: Neutral

BTC declined 1.7% while ETH posted a modest 0.4% gain. Whale data showed concentrated WBTC and LINK inflows alongside consistent WETH outflows from verified entities. Absence of news catalysts left price action and on-chain flows as the dominant drivers. Social mentions focused on Ethereum's anniversary and Saylor's Bitcoin reserve updates without shifting broader tone.

Top News This Week

  • No major news this period.

Biggest Whale Movements

  • WBTC — accumulation, $949.1M. Four transactions totaling $949.1M moved from unknown sources to a USDC and USDT holder whale. This represents the largest single flow and may indicate institutional positioning rather than internal rotation.
  • LINK — accumulation, $232.6M. A single $232.6M purchase occurred from cold wallet to cold wallet on July 30. Counterparties suggest possible custody adjustment rather than open-market accumulation.
  • WETH — distribution, $79.2M. Forty-three transactions totaling $79.2M flowed from a verified whale with 1971 prior large ETH transfers to PoolManager. This repeated distribution pattern points to systematic selling pressure.
  • WETH — distribution, $63.9M. Two transactions totaling $63.9M moved from a top WETH holder to Uniswap V2 Router 2. The route indicates direct liquidity provision or exit activity.
  • WBTC — accumulation, $29.1M. Six transactions totaling $29.1M transferred from unknown sources to a top WBTC holder. This adds to the broader WBTC inflow theme observed across multiple wallets.
  • JITO — accumulation, $25.8M. A $25.8M purchase on July 29 moved from a JTO holder whale to an unknown destination on Solana. The size stands out among smaller Solana flows.

Price Movers

  • SHIB +18.7% — SHIB rose from $0.00000417 to $0.00000495. Whale activity included multiple cold-to-hot transfers and buys totaling over $10M across several days.
  • UNI +8.4% — UNI advanced from $3.781 to $4.098. Small whale buys of $7.3M and $2.1M from verified entities preceded the move.
  • ADA +7.6% — ADA increased from $0.1639 to $0.1763 with no direct whale transactions recorded in the data.
  • EIGEN -11.7% — EIGEN dropped from $0.2076 to $0.1834. Limited whale activity observed, with one $2.4M hot-to-cold transfer on July 31.
  • DYDX -9.4% — DYDX fell from $0.12395 to $0.11227. A $2.9M sell from the rewards treasury to null address occurred on July 28.
  • SAND -6.2% — SAND declined from $0.04488 to $0.04209. A single $2.6M hot-to-cold buy was recorded on July 31.

What to Watch Next Week

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