This week, the cryptocurrency market has strongly recovered, thanks to the increase in price momentum.
Bitcoin led the way by reaching a new All-Time-High just yesterday and sparked optimism across the market. As usual, Bitcoin's price increase from the beginning of the week pulled other assets along, causing large investors to make strategic moves in several altcoins.
Toncoin (TON)
TON linked with Telegram is one of the assets that crypto whales have bought this week. This is reflected in the net flow of large investors, increasing nearly 320% over the past seven days.
Net flow of TON large investors. Source: IntoTheBlockThe net flow of large investors measures the difference between the number of tokens whales buy and sell in a specific time period.
When the net flow of large investors of an asset has a sudden positive surge, wallets holding over 1% of the circulating supply are accumulating more coins. This indicates increasing confidence among these key investors and suggests a potential sustainable price increase if they maintain demand.
Trading at $2.93 at the time of writing, TON has increased 5% over the past week. If whale accumulation continues, this altcoin could rise above $3 and attempt to stabilize at that price level.
Conversely, if demand decreases, TON might lose its recent gains and drop to $2.71.
Shiba Inu (SHIB)
The recovery in the broader cryptocurrency market has spread to the meme coin ecosystem, with the market capitalization of this sector increasing 25% over the past week.
This price surge has sparked the interest of large investors, who have gradually increased their exposure to the leading meme coin SHIB.
On-chain data shows that wallets holding between 10,000 and 1 million tokens collectively bought 340 million SHIB in the past week. This group now holds 145.06 billion SHIB, marking the highest balance recorded and indicating growing confidence among large investors.
SHIB Supply Distribution. Source: SantimentSHIB has increased 15% during the same period and is currently trading at $0.0000132. If the price momentum continues, the token could climb to $0.0000146 in the short term.
However, sellers might push the meme coin down to $0.0000137 if they reappear.
Optimism (OP)
Layer-2 (L2) coin OP is another altcoin that crypto whales have bought this week. According to IntoTheBlock, the historical concentration of the token in whale wallets has increased 1% over the past week. At the time of writing, these wallets hold 2.61 billion OP, representing 61% of the coin's circulating supply.
This increasing concentration indicates growing whale confidence in OP's long-term value, especially as institutional demand for ETH also increases strongly.
OP has increased 23% over the past week and is trading at $0.67 at the time of writing. If accumulation continues, the price could rise above $0.69.
OP Historical Concentration. Source: IntoTheBlockConversely, if bears regain control, they could push OP's price down to $0.54.




