Whale Wallets Decrease for UNI, LINK, ONDO Amid Market Caution

Whale activity in the altcoin market has shown signs of cautious repositioning following the recent market fluctuations post-Trump’s “Liberation Day.” This shift is evident in the behavior of large holders of Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO), who have been adjusting their portfolios in response to significant resistance levels.

The decline in the number of wallets holding substantial amounts of UNI, LINK, and ONDO tokens suggests that major investors are taking a more conservative approach. This trend is particularly noticeable in UNI, where the number of large wallets has decreased from 825 to 821, indicating waning confidence among holders. This downtrend could lead to further price struggles, with UNI testing crucial support around $5.50. A reversal of this trend would be necessary for a potential recovery, targeting initial resistance levels such as $5.97.

Chainlink (LINK) has also seen a slight drop in whale addresses, falling from 2,859 to 2,855. Despite this minor decline, the active accumulation leading up to the recent changes suggests that traders were optimistic about LINK’s prospects. The current price corrections could test critical support around $11.85, with significant implications if this level is breached.

Ondo Finance (ONDO) has experienced a minor reduction in whale addresses, decreasing from 374 to 371 wallets. This slight decrease highlights a temporary sense of caution among investors. ONDO currently faces crucial resistance around $0.82, and the price action will determine whether it can regain bullish momentum or consolidate at lower support levels around $0.76.

According to COINOTAG, the movements in whale wallets may not only indicate short-term sentiment shifts but also hint at strategic long-term positioning decisions in the altcoin market. This cautious approach by large holders, coupled with critical support and resistance levels, is likely to influence the near-term narratives within these altcoins. As traders navigate these dynamics, close monitoring of whale movements and price reactions will be essential for understanding potential outcomes in this evolving market landscape.