Crypto Whales Go Wild: The Altcoin Frenzy You Won’t Believe! 🐋💰

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Ah, the crypto market, that delightful circus of volatility, has found itself in a rather genteel state of consolidation this past week, as the bulls, bless their hearts, attempt to reclaim their lost dominion.

In this tempestuous sea of digital currency, our dear crypto whales have taken to hoarding select altcoins, perhaps in a bid to position themselves for a grand market rebound. One can only hope they’ve brought their life jackets! 🛟

Cardano (ADA)

This week, the Layer-1 darling, ADA, has caught the eye of our aquatic friends. According to the ever-reliable Santiment, there’s been a delightful uptick in the number of coins snatched up by whale addresses holding between 10 million and 100 million ADA. 🐳

In the past week alone, these ADA whales have gobbled up a staggering 190 million coins, valued at a jaw-dropping $2.40 billion. One can only imagine the celebratory feasts they must be having! 🍾

Despite ADA’s price frolicking between $0.59 and $0.63, this surge in whale accumulation suggests a rather optimistic outlook for the asset’s long-term value, even if the short-term is as murky as a London fog. ☁️

Should the demand strengthen, we might just see ADA breach the $0.63 resistance and gallop towards $0.70. But beware! If profit-taking resumes, it could tumble down to $0.55 faster than you can say “market correction.”

ApeCoin (APE)

Next on the menu is the Metaverse-based APE, which has also piqued the interest of our whale friends this week, resulting in a modest 4% uptick in its price. A small victory, but a victory nonetheless! 🎉

According to Santiment, the whales holding between 100 million and 1 billion APE have accumulated 11 million tokens during this week of review. Quite the haul, I must say!

This merry band of APE investors now holds 175 million tokens, valued at approximately $75.25 million. It’s their highest wallet holdings since December 2024, which is rather like finding a forgotten £10 note in an old coat pocket! 💸

If whale demand continues to soar, APE could keep its steady rally, potentially exchanging hands at $0.59. But if the demand dips, it might just plummet to $0.34, leaving investors gasping for air.

Toncoin (TON)

Lastly, we have the Telegram-linked Toncoin, which has found itself at the top of the crypto whales’ shopping list this week. Its large holders’ netflow has skyrocketed by 164% in the past seven days. Quite the impressive feat, wouldn’t you agree? 🚀

These large holders are the whales that possess more than 0.1% of the circulating supply, and their netflow tracks the difference between the tokens they sell and buy. A rather clever way to keep tabs on the market, if I do say so myself!

When such a netflow climbs, it signals a surge in whale accumulation, which could prompt retail traders to jump on the bandwagon, potentially driving the asset’s value higher. If TON whales keep up their accumulation, we might see its price rally to $3.75. 🤑

However, if selloffs continue, TON could find itself sinking to $2.35, leaving its investors to ponder the fickle nature of fortune.

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2025-04-18 18:56