市场“打折季”，巨鲸囤了些什么

比推Published on 2025-12-06Last updated on 2025-12-06

过去一个月，比特币大部分时间在8-9万美元附近剧烈震荡，山寨币普遍回调15%-40%，却正是巨鲸们最舒服的“私下加仓”窗口。根据Santiment等追踪的链上大户实时监控数据，巨鲸们正在以下这些赛道悄悄建仓，部分币种积累强度甚至创下2025年新高。

一、支付/跨境结算赛道：XRP成为巨鲸最爱

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美国新政府上台后，SEC与Ripple的和解已落地，XRP ETF也已从预期转为现实，进一步刺激了巨鲸的积累行为。过去30天，XRP是所有山寨币中巨鲸净流入最夸张的品种：

  • 持有1亿-10亿枚XRP的地址净增加9.7亿枚

  • 持有10亿枚以上地址净增加1.5亿枚

  • 两类地址合计流入超过24亿美元

  • 交易所XRP余额持续下滑，创2023年以来新低。

二、老牌Layer 1：逆势囤积 ADA

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Cardano（ADA）在11月24日-12月4日的12天里，出现了极为罕见的“巨鲸轮动买入”：

  • 持有量最大的钱包（持有超过10亿枚）于11月24日开始增持，至今已累计增持1.3亿枚ADA。

  • 持有量在1000万至1亿枚之间的钱包则于11月26日开始增持，增持量为1.5亿枚ADA。

  • 这两个群体在几天内均实现了净增，这表明即使ADA交易价格接近近期低点，市场依然保持着强劲的信心

  • 巨鲸成本极低。如果价格能突破0.43美元，有望上涨至0.52美元，这将使短期走势转为看涨。如果ADA下跌至0.38美元，看涨格局将减弱，反转信号可能失

三、DeFi蓝筹：UNI与AAVE同时被扫货

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  • UNI： 过去一周巨鲸新增约80万枚（价值近$500万美金），费用开关投票通过后，排名前 100 的地址共持有 898 万枚 UNI，显示出强劲的吸筹势头，而交易所的供应量却在持续减少。

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  • AAVE：过去30天巨鲸新增持仓超5万枚，总持仓达到398万枚ATH。

两者的共同点：TVL持续回升+真实收入（费用）开始上涨，巨鲸提前布局。

四、Meme币：整体回调，个别被巨鲸“低价补票”

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主战场：

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  • FARTCOIN：24小时内单地址扫货3243万枚（1070万美元）

  • PIPPIN：24小时内被巨鲸搬走4045万枚（728万美元）

  • PEPE：过去30天巨鲸持仓增长1.36%，累计超过1000万枚。游资+老钱共同入场，流动性枯竭后随时可能暴力拉升。

五、AI+数据赛道：ENA与TIA最受青睐

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  • ENA（Ethena）：过去7天巨鲸持仓增长2.84%，顶级100地址增持超5000万枚

  • TIA（Celestia）：交易所供应下降5%，Staking比率与TVL双双创历史新高
    AI叙事+模块化叙事叠加，成为本轮最确定的长期赛道之一。

六、存储赛道悄悄启动：FIL与ICP

11月下旬开始，FIL与ICP的巨鲸地址同时出现大额从交易所转出行为，活跃地址数与TVL同步回升，AI大模型对去中心化存储的需求正在兑现。

  • FIL：过去30天巨鲸持仓增持超10万枚，总计价值约5000万美元；交易所供应降15%

  • ICP：链上活跃地址增30%，巨鲸从交易所转出超5万枚；TVL回升至1.2亿美元

小结

巨鲸当前的操作逻辑：

  1. 回调就是买入窗口，越跌越买，几乎不看短期价格；

  2. 优先选择“有真实收入”或“政策红利确定性”赛道；

  3. Meme币仍是高风险高回报的“彩票区”；

  4. 长期主义赛道（AI、模块化、存储、隐私）已被巨鲸提前2-3个季度布局。

风险提示：以上均为链上真实发生的行为，不构成投资建议。巨鲸建仓不代表一定上涨，也可能成为后续抛压。请务必 DYOR，独立决策并严格控制仓位。

作者：Bitpush编辑部

Twitter：https://twitter.com/BitpushNewsCN

比推 TG 交流群：https://t.me/BitPushCommunity

比推 TG 订阅： https://t.me/bitpush

说明: 比推所有文章只代表作者观点，不构成投资建议
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