Whales Accumulate Bitcoin, Cardano, Solana Amid Crypto Market Dip

In the recent volatile crypto market, Bitcoin dropped below $100K, and several altcoins, including Ethereum, Hyperliquid, Cardano, and Virtuals, plunged 20–30%. However, whales and institutions are aggressively buying, taking advantage of the dip while retail sentiment turns negative.

Bitcoin, in particular, is showing strong signs of accumulation. Wallets holding 10 BTC or more are increasing while smaller wallets are shrinking. This trend indicates that large investors are buying while retail investors are losing confidence, setting the stage for a potential bullish momentum return to the crypto market.

Companies are also building BTC reserves. MicroStrategy recently added another $26 million worth of Bitcoin. Bitcoin ETFs have almost bought $1 billion BTC in the past two days, with spot Bitcoin ETFs seeing $589 million in net inflows on June 24, marking the 11th straight day of gains. Bitcoin ETFs are buying 3x more than the weekly mined supply, suggesting a potential supply shock in the near future.

Chainlink (LINK) is also attracting significant investor attention. Despite most projects dropping in price after a token unlock, LINK often sees a price rise. Whales are buying even at higher prices, with data showing that LINK jumped 11% as the number of holders hit a new all-time high. Active wallets over the past year are down 17.3%, indicating 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, with a strong, long-term belief in the project from its community.

Cardano (ADA) is another strong example of heavy accumulation. In June alone, $310 million worth of ADA was accumulated, likely from large investors. This steady buying shows confidence in the long-term future of Cardano. Founder Charles Hoskinson’s willingness to work with other major crypto projects has also boosted investor trust.

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%, indicating that it may be undervalued and has room to grow if the market picks up.

In the dynamic world of cryptocurrency, whales—large investors with significant holdings—are always on the lookout for the next big opportunity. Currently, two altcoins have garnered substantial attention from these influential players: Cardano (ADA) and Solana (SOL).

Cardano has seen a notable influx of capital from whales, with one significant purchase amounting to $5.5 million and a total of $310 million in June. This substantial investment underscores Cardano's appeal as a smart money buy, given its robust ecosystem and ongoing development. The altcoin's focus on scalability, sustainability, and interoperability has positioned it as a strong contender in the market, making it a favored choice among large investors.

Solana, on the other hand, has been making waves with its recent partnership. This collaboration aims to advance the tokenization of capital markets and attract more investors, contributing to Solana's surge. Solana's high-speed blockchain and ultra-low fees continue to make it an attractive option for large buyers, further cementing its status as one of the best cryptocurrencies to invest in.

The strategic alliances and cutting-edge performance of both Cardano and Solana have caught the eye of crypto whales, who are always on the lookout for the next big opportunity. As the market continues to evolve, these altcoins are poised to remain at the forefront of investor interest, driven by their innovative features and growing ecosystems.