What Crypto Whales Are Buying Ahead of US CPI Release

Crypto whales are making their moves ahead of the US CPI data due on September 11. This is the last major macro data before the US Federal Reserve meeting in September, where interest rate cuts are being XEM . The market has seen weak job growth and rising unemployment, suggesting an easing policy. Inflation will determine whether the cuts are gentle or aggressive.

Amid this uncertainty, crypto whales are buying selectively — Chia between risky investments, safe allocations, and balanced bets. Here are three coins that caught whales’ attention ahead of the CPI data release.

Ethena (ENA)

Ethena (ENA) is up 11% over the past 24 hours, extending its weekly gains to 22.7%. With US CPI data due soon, ENA has been gaining traction as a balancing option. Recent stablecoin news — Binance listing Ethena’s USDe and launching USDm with MegaETH — has added credibility to its network.

These developments give ENA a platform that whales could find useful in both scenarios: if CPI falls and rate cuts drive risk money flows, or if CPI rises and demand shifts to projects with stablecoin depth.

Crypto whales have been quick to take positions. Over the past week, large investors have added about 8.25 million ENA Token , worth about $7 million at a price of $0.84. Exchange balances are down 1.44%, suggesting accumulation rather than profit-taking.

Want more information on Token like this? Sign up for Editor Harsh Notariya's Daily Crypto Newsletter here .

A key trigger for this positioning is the Money Flow Index (MFI), which tracks whether inflows exceed outflows. Since late August, the MFI has been rising while the price of ENA has been stable, suggesting that buyers (including whales) may have been buying into the persistent price decline.

On the chart, ENA broke above $0.77 and is currently facing resistance at $0.87. A higher daily close could open up targets at $0.95 and $1.16.

The broader uptrend will only be broken if ENA closes below $0.60. Steady dip buying and whale inflows suggest that ENA can absorb CPI-induced volatility while still retaining upside potential.

Uniswap (UNI)

Uniswap (UNI), the leading decentralized exchange Token , is up 3.5% in the past 24 hours and more than 2% this week. Its broader uptrend remains intact with a 16% gain in three months. UNI is also benefiting from the resurgence of DeFi, with the sector recently surpassing $160 billion in Total Value Locked. This backdrop makes UNI a key “risk-on” pick as whales position ahead of the release of US CPI data.

Whales have added 40.82 million UNI since September 4, worth nearly $398 million at its current price of $9.75. This large inflow shows confidence that UNI ’s Vai in DeFi and whale portfolios can hold even as inflation data complicates rate cut predictions by pushing higher.

The Relative Strength Index (RSI), which measures price momentum on a 0–100 scale, has issued a hidden bullish divergence. While UNI price formed higher Dip , RSI formed lower Dip between August and early September. This pattern typically signals a trend continuation, suggesting that UNI ’s quiet consolidation is a period of accumulation rather than weakness.

With the price currently recovering, a daily close above $9.86 could open the way to $10.70 and $11.60, while support at $9.10 helps protect the broader uptrend.

Ondo (ONDO)

Ondo (ONDO) is up 5.7% in the last 24 hours and 6% this week, although its 30-day performance remains negative. The recent surge has been accompanied by a strong wave of whale accumulation. Since September 4, whale holdings have increased from 7.77 billion to 8.08 billion ONDO, a net increase of approximately $300 million at the current price of $0.97.

This position shows confidence. ONDO is tied to the real assets (RWA) space, giving it a more stable profile than speculative investments. For crypto whales, this makes ONDO a balanced bet ahead of the US CPI data release. If inflation data declines and the likelihood of a rate cut increases, ONDO could benefit from a broader rally. If CPI rises and risk appetite declines, ONDO’s RWA focus could keep demand steady.

On the chart, ONDO has broken above the resistance at $0.95, with strong upside momentum after the Bull-Bear Power (BBP) indicator turned positive. A daily close above $1.00 could see ONDO advance to $1.11, while support lies near $0.91. This setup explains why whales are accumulating ONDO despite the recent choppy trading.

The Bull-Bear Power (BBP) indicator measures the balance between buying and selling power. A positive reading means that the bulls are in control, while a negative reading shows that the bears are dominant.

However, if it falls below $0.85, the immediate bullish outlook for ONDO will be invalidated.