This week, a significant decline in crypto market activity has led to several assets falling, while others have remained relatively stable amid diminishing momentum.
As sentiment shifts to a more cautious outlook, large investors, often referred to as crypto whales, are strategically accumulating assets that appear to offer a buying opportunity during their dips.
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World Liberty Financial (WLFI)
WLFI, associated with Donald Trump, has become one of the notable tokens attracting the attention of whales this week. The altcoin has experienced a 12% decline over the past seven days, which some whales interpret as a buy signal.
Nansen data indicates that large investors holding over $1 million in WLFI tokens have increased their holdings by 4.82%, taking advantage of the asset’s price dip to expand their positions. This group currently holds 20.18 million WLFI tokens.
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Consistent whale activity could lead to a reversal in WLFI’s current trend, potentially pushing its price above $0.1814.
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Conversely, a decrease in whale purchasing could expose the token to more short-term declines, with a potential drop to $0.1611.
PEPE
The Solana-based meme coin PEPE has also garnered the interest of large investors this week. Based on on-chain data from Santiment, wallets holding between 10,000 and 100,000 PEPE tokens have collectively added 8 million tokens over the past week.
Currently trading at $0.00000932, PEPE’s value has decreased by 5% over the past week. This renewed interest from whales suggests accumulation is happening at lower price levels, possibly in anticipation of a short-term rebound in meme token demand.
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If this trend continues, it may drive the price above $0.00000984.
However, if market activity remains lackluster, the token could see a return to support near $0.00000830.
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The Sandbox (SAND)
The metaverse-focused altcoin SAND has also witnessed significant whale accumulation. Although it has traded largely sideways this week, SAND’s price weakness seems to have attracted substantial investors.
Santiment data reveals that wallets holding between 100 million and 1 billion SAND have increased their holdings by 20 million tokens in the past week.
If this trend persists, SAND could be poised for a breakout toward $0.2899 in the near term.
Nonetheless, if whale activity diminishes, the token may experience pullbacks to $0.2545.
