Despite the market's ongoing uncertainty due to Donald Trump's escalating trade war, the cryptocurrency market has shown signs of recovery this week.
On-chain data reveals that crypto whales have leveraged market volatility to accumulate certain altcoins, demonstrating increasing confidence in specific digital assets.
Dogecoin (DOGE)
The leading meme coin Dogecoin (DOGE) has received significant attention from crypto whales this week. This is evidenced by the increase in coin purchases over the past seven days by DOGE whale addresses holding between 100 million and 1 billion coins.
According to data from Santiment, these DOGE holders have accumulated 1.41 billion coins valued at over $220 million during the review period. At the time of writing, their total holdings have increased to 25.68 billion DOGE, marking the highest level since last December.
DOGE Supply Distribution. Source: SantimentWhen large investors of an asset intensify accumulation like this, it indicates increased confidence or expectations of future price appreciation. If this continues, DOGE may break through the resistance level at $0.17 in the upcoming period and move towards $0.23.
Worldcoin (WLD)
WLD is another altcoin that has attracted whale attention this week. The token associated with Sam Altman is currently trading at $0.74, down 1% in value over the past week.
During that time, whales holding between 100,000 and 1,000,000 WLD have accumulated 2.63 million tokens valued at over $1.94 million.
WLD Supply Distribution. Source: SantimentIf whale accumulation continues, it could help WLD overcome the overall market downtrend to record profits.
Ondo (ONDO)
The real-world asset (RWA) token ONDO is also on the list of crypto whales this week. According to Santiment, over the past seven days, whales holding between 1 million and 10 million ONDO have purchased 19.41 million, valued at around $17 million.
This group of ONDO investors currently holds 702.37 million coins.
ONDO Supply Distribution. Source: SantimentIf this drives an ONDO accumulation phase across the market, it could signal a revival of interest in RWA assets and boost price momentum in the coming weeks.
