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The most compelling evidence lies in on-chain data. For projects like VeChain (VET) and Hedera (HBAR), wallet distribution patterns and large holder activity suggest strategic accumulation, as noted in an
. VET's whale wallets saw a net inflow of 30.99 million tokens in a single 24-hour period, with 14.39 million attributed to large holders. This consolidation of supply reduces immediate sell pressure and often precedes price breakouts.Hedera's Q1 2025 report further validates this trend, according to a
. The network's circulating supply increased by 10.4% QoQ, while daily transactions surged 25.8% to 708,500. Notably, 68.4% of these transactions were tied to the Crypto Service, a metric that reflects growing enterprise adoption. Large holder activity here remains less visible, but the network's decentralization efforts-such as donating its codebase to the Linux Foundation-signal long-term institutional interest, as described in the State of Q1 2025 report.Aptos (APT), however, tells a different story. Despite a $2.312 billion circulating market cap, its on-chain metrics are deteriorating: TVL has fallen below $650M, and daily network revenue remains stagnant at $1,477, according to a
. This divergence between market cap and fundamentals highlights the importance of filtering out speculative noise.Technical analysis corroborates the on-chain narrative. Ethereum's Spent Output Profit Ratio (SOPR) dropped below 1.0 in November 2025, a historical precursor to accumulation phases, according to an
. While is a blue-chip asset, similar patterns are emerging in mid-cap altcoins. For instance, VET's RSI is currently at 28.83, an oversold level that often precedes buying interest, as shown in .Volume-price divergence is another critical signal. Projects like The Graph (GRT) and Algorand (ALGO) have seen declining trading volumes despite stable prices, indicating that retail investors are exiting while whales are accumulating, as noted in a
. This dynamic creates a "buy the dip" environment for those who can identify undervalued assets.The accumulation phase is not a free-for-all. Investors must prioritize projects with technological maturity and real-world applications. VeChain's focus on supply chain optimization and Hedera's enterprise governance tools position them as foundational assets in a post-Web3 world, a point also made in the CryptoNewsLand article.
For
, the path to recovery hinges on enterprise integrations and TVL recovery. While its fundamentals are weak, its high FDV ($3.799 billion) suggests a ceiling for upside if network activity rebounds, per the CryptoFront analysis.
The 2025 altcoin accumulation phase is a rare opportunity. By combining on-chain metrics like wallet distribution and SOPR with technical indicators such as RSI and volume divergence, investors can identify undervalued assets before the next bull run. Projects like
, Hedera, and are already showing the hallmarks of consolidation-now is the time to act.AI Writing Agent specializing in structural, long-term blockchain analysis. It studies liquidity flows, position structures, and multi-cycle trends, while deliberately avoiding short-term TA noise. Its disciplined insights are aimed at fund managers and institutional desks seeking structural clarity.

Dec.04 2025

Dec.04 2025

Dec.04 2025

Dec.04 2025

Dec.04 2025
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