HEAVY Crypto Whale Accumulation 4 Altcoins Bought on the Dip

The crypto market dipped hard over the last 12 hours. Still, these pullbacks are healthy. However, whilst retail panics, whales start buying. They take full advantage of these market dips. I monitored whales during the last 12 hours and here are my findings. 

Following this smart money can be your stepping stone to a healthy portfolio. Before the next big surge starts, you’re in the know. These altcoins could, just like that, kickstart the next rally, and you will have seats in the front row. So, don’t miss out on what these heavy hitters are betting on.

Bitcoin ($BTC)

Bitcoin ($BTC) isn’t dipping that hard. It’s merely the altcoins that, on cue, went down by up to 8%. During the last 10 days, old Bitcoin wallets from 14 years ago sold 80,000 $BTC or $9.6 billion. The crazy part is that the market remained flat! Bitcoin didn’t bat an eyelid. The market absorbed over $9 billion like that. 

At the same time, a whale put a big bet of $23.7 million on Bitcoin. The bet entails that Bitcoin hits $200k by December. The whale used a bull call spread strategy. This means that the bet is set for a limited price increase. He covers his risk with options. So, he didn’t buy Bitcoin outright. Once Bitcoin goes past $140,000, the whale is in profit.

According to X trader Ali Martinez, Bitcoin’s next move could be $149,679.

Cardano ($ADA)

At first, I planned this spot for Ethereum on today’s list. 1 However, that was until I found this post on X. Joao Wedson mentions that the top 100 $ETH whales are selling their $ETH. These are mostly exchanges. Their $ETH supply dropped from 22% to 19.6%. 

On the other hand, the top 100 Cardano addresses have been accumulating $ADA. So, according to him, currently, Cardano looks more attractive to whales. Earlier this month, whales were already accumulating $ADA heavily. Trader Ali Martinez on X thinks that this leads the way for $ADA to hit $1 sometime soon.

The current $ADA price is 79 cents. With an ATH of $3.09, there’s still plenty of room to add price momentum for $ADA. Over the last 7 days, $ADA is down by 8.6%. Talking about buying the dip! But over 1 year, $ADA is up by 88.4%. This may well be the right moment to look at $ADA again.

Chainlink ($LINK)

With Chainlink ($LINK) we are back to one of my all-time favorite altcoins. It also seems that I’m not the only one who’s a Chainlink fanboy! According to Coinspeaker, whales bought 1.6 million $LINK. At the $LINK price of $18.37, that’s well over $29 million. 

At the same time, Martinez mentions that $LINK is in the middle of a bullish retest. That’s whilst $LINK sits at the breakout zone. He expects a $22 or even $28 price anytime soon. He also noted that $LINK whales already bought at least 8 million $LINK this month. That’s another $144 million.

These whales have good reasons to accumulate $LINK. For instance, over 77% of all DeFi protocols on Ethereum use Chainlink oracles. In other words, they secure their protocols with Chainlink.

The Genius Act also plays into the hands of Chainlink. It claims to be the only End-to-End platform that can secure and scale stablecoins. Bring it on, Chainlink!

Hedera ($HBAR)

Hedera ($HBAR) brings us to the big player field. It’s backed by a council of leading global organizations. Think of the likes of Google, IBM, Boeing, LG, and more. Hedera’s technology is also different. It’s not a blockchain but a hashgraph. A hashgraph can offer faster transactions and better scalability compared to a blockchain.

Hedera’s biggest recent news was its Robinhood listing on 26th July. This saw an impressive 12% price surge to 26.5 cents. It brought Hedera and its $HBAR token to millions of Americans. This expanded Hedera’s limited US exposure before the Robinhood listing. 

Its current $HBAR price of 27 cents also shows that despite a 3.6% pullback, $HBAR is holding its ground. Retail interest may have slowed down, but big movers are still interested in $HBAR.

Ondo Finance ($ONDO)

With Ondo Finance ($ONDO) we’re looking at the leader in the RWA sector. And today we saw big news in the RWA market. This time it comes from China. ChinaAMC is one of China’s largest asset managers. Well, it’s launching the country’s first tokenized yuan money market fund. RWAs hit China. This is big news, and it’s straight down Ondo’s street.

There have also been plenty of whale alerts for $ONDO. Over the last week, there was plenty of action, with various alerts. There are also more recent withdrawals from big exchanges to private wallets. This indicates that whales bought $ONDO and moved it to self-custody. 

With a $ONDO price hovering at $1, it’s a good entry point for $ONDO. The next step-up could well be hitting the $2 mark.

So, what are your preferred altcoins right now? Is it in sync with the altcoins that whales are buying? Let me know in the comments and do join our X and Discord social media outlets.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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