Despite market uncertainty, crypto whales show signs of recovery, accumulating select altcoins

On-chain data reveals that crypto whales took advantage of the volatility to accumulate select altcoins, signaling growing confidence in specific digital assets.

Cryptocurrency market recovery this week has been accompanied by the massive accumulation of altcoins by crypto whales, on-chain data from Santiment reveals.

Specifically, data from the crypto analytics platform shows that large-scale investors, also known as whales, have been particularly active in mopping up select coins. This activity is being observed in the tiers of addresses holding between 100 million and 1 billion coins for Dogecoin (DOGE), 100,000 and 1,000,000 WLD, and 1 million and 10 million for Ondo (ONDO).

Dogecoin is currently trading at around $0.11, remaining flat over the past week. However, the meme coin has seen a surge in interest from large-scale investors.

Over the past seven days, these DOGE holders have accumulated 1.41 billion coins, which amounts to over $220 million at current prices. Their total holdings have now increased to 25.68 billion DOGE, reaching the highest level since December last year.

When an asset’s large holders begin to massively increase their accumulation, it suggests either growing confidence in the asset or anticipation of future price gains. This could be a factor in pushing DOGE past the resistance at $0.17 and toward the next resistance at $0.23.

Worldcoin (WLD) is another altcoin that has seen strong accumulation from whales this week. The Sam Altman-linked token currently trades at $0.74, down 1% over the past week.

During that period, whales holding between 100,000 and 1,000,000 WLD have accumulated 2.63 million tokens, valued at above $1.94 million.

If this pattern of whale accumulation continues, it could help WLD buck the broader market downtrend to record gains of 50% or more in the coming weeks.

The real-world asset-based (RWA) token, Ondo, is also on this week’s crypto whales’ list. According to Santiment, in the past seven days, whales holding between 1 million and 10 million ONDO have purchased 19.41 million, which is valued at approximately $17 million.

This cohort of

ONDO investors currently holds 702.37 million coins.

Should this spark a broader-scale accumulation phase for ONDO, it could signal the resurgence of interest in RWA-based assets and drive further price momentum in the coming weeks.