Whales Accumulate ONDO, RENDER, OP as Bitcoin Surges 3%

Bitcoin’s surge above the $105,000 mark earlier this week triggered a wave of accumulation among large holders, or "whales," across the crypto market. This trend is evident in the increased interest in several altcoins, including Ondo (ONDO), Render (RENDER), and Optimism (OP).
ONDO, a real-world asset (RWA) token, has seen significant whale activity. According to data from Santiment, whale addresses holding between 10,000 and 100,000 tokens have collectively acquired 2.63 million ONDO over the past seven days. This cohort of ONDO whales now holds 143.94 million tokens. The token is currently trading at $0.99, reflecting a 3% price gain amid the broader market rally over the past 24 hours. If whale activity continues to strengthen, ONDO could reclaim the $1.00 level in the near term, potentially rallying toward $1.23. However, if whales stall or sell for profit, ONDO could lose its recent gains and plummet to $0.92.
RENDER is another altcoin that has caught the attention of crypto whales. Large investors holding between 1 million and 10 million tokens have bought 250,000 RENDER, valued at approximately $1.22 million at current market prices. This growing accumulation trend among whales may prompt retail traders to follow suit, as increased buying activity from large holders often signals confidence in the asset’s potential. Historically, whale-driven momentum usually attracts broader market participation, which could drive RENDER’s price up in the near term. If accumulation persists, the altcoin could rally to $6.09. Conversely, if demand falls, RENDER could breach support at $4.72 and plunge toward $4.18.
Layer-2 (L2) token OP is another asset experiencing surging whale accumulation. This is reflected by an uptick in the altcoin’s large holders’ netflow, which has rocketed over 140% in the past seven days. Large holders’ netflow tracks the total amount of tokens entering and exiting wallets classified as large holders (those who control more than 0.1% of an asset’s circulating supply). When this metric rallies, it indicates that significant amounts of the asset are moving into the possession of these investors, signaling strong buying interest. A rising netflow often precedes price appreciation, hence OP’s price could climb to $1.08. On the other hand, if selloffs resume, OP’s value could dip to $0.54.
In summary, the third week of May 2025 saw significant whale activity in the crypto market, with ONDO, RENDER, and OP being the standout picks. The accumulation of these altcoins by large holders suggests a bullish sentiment, which could drive their prices higher in the near term. However, the crypto market is volatile, and any sudden selloffs by whales could lead to a price correction. Investors should conduct their own research and consult with professionals before making any financial decisions.

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