The cryptocurrency market mainly consolidated last week. This is an attempt by buyers to regain control of the market.
While the market remains highly volatile, cryptocurrency whales have accumulated certain altcoins. This could be a position in preparation for a market rebound.
Cardano (ADA)
This week, layer-1 (L1) coin ADA caught the attention of whales. According to Santiment, an online cryptocurrency data platform, the number of whale addresses holding 10 million to 100 million ADA has increased in acquiring coins.
According to on-chain data providers, this ADA whale group has purchased 190 million coins worth approximately $2.4 billion at current market prices over the past 7 days.
This surge in whale accumulation occurred while ADA was fluctuating in the price range of $0.59 to $0.63. When whales increase accumulation during a price correction period, it signals confidence in the long-term value of the asset.
This behavior indicates potential upward momentum as large holders anticipate a breakout. If demand strengthens, ADA could break through the $0.63 resistance and rise to $0.70.
However, if profit-taking resumes, ADA could extend its decline to $0.55.
ApeCoin (APE)
Metaverse-based altcoin APE received significant attention from cryptocurrency whales this week, resulting in a slight 4% price increase over the past 7 days.
According to Santiment, large whale addresses holding 100 million to 1 billion APE accumulated 11 million tokens this week.
This group of APE investors now holds 175 million tokens, worth approximately $75.25 million at current market prices. This is the highest wallet holdings since December 2024.
If whale demand surges, APE could continue its steady upward trend. If the trend continues, the token could trade at $0.59.
Conversely, if demand decreases, the price could drop to $0.34.
TON Coin (TON)
TON Coin, associated with Telegram, is at the top of the list of cryptocurrency whales this week. This is highlighted by a 164% surge in net inflows from large holders over the past 7 days.
TON large holders are whale addresses holding more than 0.1% of the circulating supply. Their net inflow tracks the difference between tokens they sell and buy over a period.
When the net inflow of large holders of an asset rises like this, it indicates a surge in whale accumulation. This can temporarily increase the asset's value as retail traders increase demand.
If TON whales increase accumulation, the price could rise to $3.75.
Meanwhile, if selling pressure continues, TON could drop to $2.35.
