Top Two ‘Whale Approved’ Altcoins To Buy Now

The post Top Two ‘Whale Approved’ Altcoins To Buy Now appeared first on Coinpedia Fintech News

The crypto market has been volatile lately. Bitcoin dropped below $100K, and several altcoins, including Ethereum, Hyperliquid, Cardano, and Virtuals, plunged 20–30%. But on the contrary, whales and institutions are buying aggressively.

Altcoin Buzz discussed this behavior in a recent video, highlighting how smart money is taking advantage of the dip while retail sentiment turns negative.

Whales Are Buying the Dip

Bitcoin, in particular, is showing strong signs of accumulation. Wallets holding 10 BTC or more are increasing while smaller wallets are shrinking. When large wallets are buying and retail investors are losing confidence, it is the perfect setup for bullish momentum to return to the crypto market.

Companies like MetaPlanet and a major French firm are building BTC reserves. MicroStrategy also added another $26 million worth of Bitcoin recently. Bitcoin ETFs have almost bought $1 billion BTC in the past 2 days. On June 24, spot Bitcoin ETFs saw $589 million in net inflows, marking the 11th straight day of gains. Bitcoin ETFs are buying 3x more than the weekly mined supply, a clear sign that a supply shock may be coming soon.

LINK and ADA See Heavy Accumulation

Chainlink is also catching the attention of big investors. While most projects drop in price after a token unlock, LINK often sees a price rise. Whales are buying even at higher prices. Data from Santiment shows that LINK jumped 11% today as the number of holders hit a new all-time high at 769,380. 

Additionally, active wallets over the past year are down 17.3% which shows that long-term holders see this as a prime buying opportunity.

Chainlink is seen as a leader in real-world asset infrastructure and cross-chain communication. Its community holds through ups and downs, which shows a strong, long-term belief in the project.

Cardano (ADA) is another strong example. In June alone, $310 million worth of ADA was accumulated, which is likely from large investors, not retail buyers. This kind of steady buying shows confidence in the long-term future of Cardano. Founder Charles Hoskinson’s willingness to work with other major crypto projects like Bitcoin and XRP has also boosted investor trust.

Retail is not Everything

Santiment’s latest data shows how much of each top crypto’s supply is currently in profit. Bitcoin leads with 94.5% of its supply in profit. Chainlink sits at 59.4%, while Cardano is lowest at 46.5%, which indicates that it may be undervalued and has room to grow if the market picks up.