This week witnessed an increase in trading activity in the cryptocurrency market. This was demonstrated by the surge in global cryptocurrency market capitalization, which increased by 101 billion USD over the past seven days.

As traders regain confidence, "whales" have accumulated important altcoins, with Uniswap (UNI), PancakeSwap (CAKE), and Ondo (ONDO) emerging as top choices.

Uniswap (UNI)

The DeFi token UNI has received significant attention from "whales" this week. This was emphasized by a substantial increase in large investors' net inflow during the review period. According to IntoTheBlock data, this number has increased by over 3900% in the past seven days.

Large investors refer to "whale" addresses holding more than 0.1% of an asset's circulating supply. Their net inflow tracks the difference between the number of coins/tokens they sell and buy in a period.

When this increases, it signals the accumulation trend of these important investors. This reflects the optimistic confidence of UNI "whales" in its short-term to long-term price performance. It could even encourage smaller retail investors to follow, reducing token supply and pushing prices higher.

PancakeSwap (CAKE)

CAKE, based on BNB, is another altcoin that has attracted cryptocurrency "whales" this week. This occurred against the backdrop of increasing meme coin activity on the BNB Chain, making PancakeSwap the preferred DEX for many traders this week. As a result, demand for CAKE has surged.

According to Santiment, previously inactive CAKE "whales"—holding between 100 million to 1 billion tokens—have become active again. In the past 24 hours, these large investors have accumulated 101 million CAKE, valued at over 250 million USD at current market prices.

If "whale" accumulation continues, it could cause CAKE to go against the market's general downward trend to realize profits.

Ondo (ONDO)

This week, the Real World Asset (RWA) token ONDO was also on the cryptocurrency "whales" list. According to Santiment, "whales" holding between 10,000 to 100,000 ONDO purchased 1.08 million tokens in the past seven days.

This investor group currently holds 60.44 million coins at the time of writing. If this drives an ONDO accumulation phase across the market, it could push the altcoin's price to 0.95 USD in the short term. At the time of writing, ONDO is trading at 0.83 USD.