Whales have purchased FET, LINK, and WLD amid a significant price adjustment in the cryptocurrency market. The strategic accumulation of these altcoins is occurring even as the overall altcoin market capitalization has declined from $333 billion on 19/01 to $245 billion currently.

The notable increase in large addresses holding these tokens suggests that major investors see value at current price levels. This accumulation pattern on FET, LINK, and WLD may signal early positioning for potential future recovery.

Fetch.ai (FET)

FET is currently undergoing a significant correction. It has declined 40% over the past 30 days, and its current market capitalization is $1.58 billion. This is a sharp drop from the over $5 billion it reached in 12/2024, reflecting the strong momentum loss not only in FET but in artificial intelligence cryptocurrencies in general.

Additionally, FET has declined more than 9% in the past seven days, coinciding with a notable increase in FET whale accumulation.

Despite the ongoing adjustment, this accumulation suggests that whales may be taking advantage of the lower prices, potentially positioning for a future recovery.

Number of addresses holding between 100,000 and 1,000,000 FET. Source: Santiment.

The number of addresses holding between 100,000 and 1,000,000 FET has increased from 394 on 18/02 to 403 on 25/02, the highest level since 31/01.

Whales buying during the price dip suggests increasing confidence among large investors, potentially signaling a bottom formation. If this trend continues, it could provide the necessary buying support to stabilize FET prices and ultimately trigger a reversal.

However, until the broader market sentiment improves, FET is likely to remain under pressure, with the accumulation patterns serving as the primary indicators of potential upward momentum.

Chainlink (LINK)

Similar to other altcoins, Chainlink has faced a significant adjustment recently, with its value declining more than 13% in the past week.

This decline has pushed LINK out of the top 10 cryptocurrencies by market capitalization, with its total value dropping below $10 billion.

Pressure on Chainlink's price remains persistent. It has maintained below $24 for nearly a month, indicating a sustained downtrend in the market.

Number of addresses holding between 100,000 and 1,000,000 LINK. Source: Santiment.

Despite the downward trend, potential signs of recovery are emerging. While the number of LINK whales – addresses holding between 100,000 and 1,000,000 LINK – declined from 577 on 04/02 to 566 on 23/02, a notable reversal occurred on 25/02, with the figure surging to 578 as whales accumulated LINK.

The sudden increase in whale accumulation may signal renewed confidence among large investors.

If this whale accumulation continues, it could provide the necessary buying pressure to break Chainlink's price above the $24 resistance level that has constrained its performance for several weeks.

Worldcoin (WLD)

Worldcoin's price has undergone a severe market adjustment over the past month, with its value declining more than 41%.

This sharp decline has significantly impacted its market capitalization, currently at $1.17 billion – a substantial drop from the near $3 billion peak in 12/2024.

This pronounced downtrend reflects substantial selling pressure and may indicate a decline in investor confidence in the Worldcoin project during this period.

Number of addresses holding between 1,000,000 and 10,000,000 WLD. Source: Santiment.

Interestingly, despite the sharp price decline, whale behavior suggests a potential shift in market sentiment. While the number of Worldcoin whales remained relatively stable throughout most of the month, fluctuating narrowly between 170 and 166, a notable change occurred on 16/02 as large investors began to accumulate WLD again.

The number of addresses holding between 1,000,000 and 10,000,000 WLD has now increased to 173 – reaching the highest level since 29/12/2024.

The renewed accumulation by large investors may suggest that whales view the current price levels as an attractive entry point, potentially foreshadowing a recovery.