Crypto Whales Have Been Accumulating These 3 Altcoins Ahead of a Market Rebound

The crypto market has largely consolidated over the past week, as bulls attempt to regain control.

The crypto market has largely consolidated over the past week, as bulls attempt to regain control.

With the market still significantly volatile, crypto whales have been busy accumulating select altcoins, positioning themselves for an eventual market rebound.

Here’s a look at three altcoins that saw major attention from crypto whales this week.

3 Altcoins That Crypto Whales Are Still Focused On As Market Consolidates

This week, L1 coin Cardano (ADA) saw a return of interest from whales, who increased their accumulation of the asset.

An analysis of on-chain data from Santiment shows that whale addresses, defined as those holding between 10 million and 100 million ADA, ramped up their buying activity.

Over the past seven days, this group of ADA whales bought 190 million coins, which is valued at approximately $2.40 billion at current market prices.

Their activity comes after a period of selloffs, which saw them reduce their ADA holdings by 560 million tokens in the prior seven days.

The fact that they are pivoting to buying after a period of selling suggests that they are becoming more optimistic about the asset’s prospects.

As seen in the chart above, this cohort of ADA investors has now increased their token holdings to 2.65 billion, which is the highest since January 2022.

At present, their average buying price for ADA is $0.43, while the coin is currently trading at $0.61.

If demand strengthens, ADA could breach the $0.63 resistance and climb to $0.70. However, if profit-taking resumes, ADA could extend its decline and fall to $0.55.

Next on the list is metaverse-based altcoin ApeCoin (APE), which saw a modest 4% uptick in its price over the past seven days.

A look at large whale addresses, defined as those holding between 100 million and 1 billion APE, shows that they have been busy accumulating the token.

During the week in review, these large APE investors ramped up their buying activity, adding 11 million tokens to their collective wallets.

At present, this cohort of APE investors has 175 million tokens, which is valued at approximately $75.25 million at current market prices.

This is the highest level of APE tokens that they have held in their wallets since December 2024.

If whale demand continues to rise, APE could continue its rally. However, if the trend stalls and we see a period of profit-taking, then we could see a reversal of the recent rally.

If demand strengthens, APE could continue its rally and reach $0.59. On the other hand, if profit-taking increases, APE could extend its decline and fall to $0.34.

Last on the list is Telegram-linked Toncoin (TON), which saw a strong increase in large holders’ netflow.

This category of addresses is defined as those holding more than 0.1% of TON’s circulating supply. Their netflow tracks the difference between the amount of tokens that they sell and buy over a period of time.

When an asset’s large holders’ netflow climbs like this, it signals a surge in whale accumulation, a trend that could prompt retail traders to boost their demand, potentially driving the asset’s value higher in the near term.

As seen in the chart above, large holders’ netflow surged 164% over the past seven days.

This cohort of investors is pivoting to buying after a period of selloffs, which saw them reduce their TON holdings by 534 million tokens in the prior seven days.

Their increased buying activity comes as Toncoin faces short-term price pressure due to a dip below a key support level at $2.50.

If TON whales continue to increase their accumulation, its price could rise to $3.75. However, if selloffs continue, TON could fall further to $2.35.