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Cryptocurrency News Articles
Crypto whales bought Optimism (OP), Dogecoin (DOGE), and Worldcoin (WLD)
Mar 29, 2025 at 05:30 am
Crypto whales bought Optimism (OP), Dogecoin (DOGE), and Worldcoin (WLD) in recent days. OP saw a rise in large holders despite being down 73% over the past year
Optimism (OP), Dogecoin (DOGE), and Worldcoin (WLD) saw crypto whales making interesting moves in recent days. Optimism saw a rise in large holders despite a 73% drop over the past year.
Optimism (OP)
Optimism, the blockchain known for its Optimistic Rollup technology on Ethereum, has been experiencing a prolonged downtrend. In the past year, the cryptocurrency has declined nearly 73%, struggling to maintain any significant upward momentum. However, recent on-chain data from DeFiGlass suggests a subtle shift in investor behavior.
Over the last five days, there has been a slight increase in the number of wallets holding at least 10,000 OP. At the beginning of the period, 4,303 wallets had this amount or more of Optimism. As of today, that number has risen to 4,313. This indicates that some larger investors may be accumulating OP at lower prices.
Optimism struggled to gain traction this cycle, remaining below the $2 mark since early January. However, with OP slowly recovering and showing signs of a potential bottom, this quiet accumulation could be an early sign of growing confidence among more seasoned holders.
If this translates into renewed bullish momentum, Optimism may attempt to reclaim key resistance levels. The first level to watch is at $0.93, where sellers previously stepped in. A successful breakout could lead to a push toward $1.06, and if buying pressure accelerates, $1.20 becomes a reasonable upside target.
On the flip side, if selling pressure remains dominant and no meaningful shift in momentum occurs, Optimism could continue its slide. The next key support level is at $0.74, which could slow down any declines. A break below that could send the price below $0.70, reinforcing the downtrend and keeping investors cautious in the near term.
Dogecoin (DOGE)
Dogecoin (DOGE), the largest meme coin by market cap, is seeing crypto whales returning to buy. On-chain data reveals that the number of wallets holding between 10 million and 100 million DOGE increased from 740 to 747—the highest level in two weeks.
This shift suggests that big players may be positioning ahead of a potential rebound in the meme coin space, anticipating a shift in market sentiment. With DOGE historically responding strongly to meme coin hype, this uptick in whale activity could be a key early signal.
If momentum builds and meme coins stage a broader recovery, Dogecoin may benefit. A bullish breakout could send the price to test resistance around $0.19, and if that level is broken, further gains toward $0.22 and even $0.24 may follow.
However, if the current market correction deepens, Dogecoin may retest support at $0.16, with a possible drop to $0.143 if selling pressure increases. For now, whale accumulation offers a promising sign, but price direction will likely hinge on whether broader meme coin momentum returns.
Worldcoin (WLD)
Worldcoin, once one of the most hyped AI-related cryptocurrencies, has struggled to maintain its momentum in recent months, with its price falling nearly 19% over the last 30 days. Despite this decline, recent on-chain data shows that crypto whales have started accumulating WLD again.
Over the last four days, the number of wallets holding between 10,000 and 1,000,000 WLD increased from 1,123 to 1,138. This accumulation could signal growing confidence that WLD may soon find a bottom.
If buying momentum continues to build, Worldcoin could attempt a short-term recovery. The first key resistance level is at $0.91, which could slow down any rallies. A breakout above that could fuel a stronger rally toward $1.25, helping Worldcoin regain some of its lost ground.
However, if bearish sentiment remains dominant, WLD may retest support at $0.80, and a break below that level could send it down further to $0.69, setting the stage for more declines.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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