Crypto Whales Are Buying These Altcoins Amid the Market Crash!
Eric Trump, the Executive Vice President of the Trump Organization, recently shared a post on X, suggesting that now is a great time to add Ethereum (ETH) to your portfolio. This has fueled increased calls for an upcoming altseason. The ETH/BTC pair has also recently retested a key multi-year support level around 0.023, indicating that a rebound could be on the horizon.Crypto analyst Benjamin Vowen also believes that the Federal Reserve will soon begin Quantitative Easing (QE), a move that could further boost the U.S. economy and, in turn, the crypto market.Let’s dive into the details.Top Altcoins With High Whale ActivityFloki (FLOKI)Floki (FLOKI), a popular memecoin listed on major exchanges, has seen a huge increase in whale activity this week. According to data from Santiment, whale activity has grown 4x compared to last week.With a fully diluted valuation of about $994 million and an average 24-hour trading volume of $273 million, FLOKI is retesting an important support level in an uptrend. This makes it a coin to keep an eye on as altseason nears.Chainlink (LINK)Chainlink (LINK) is attracting more whale investors, especially after gaining support from World Liberty Financial (WLFI), backed by Donald Trump. With a fully diluted valuation of around $19.6 billion and a 24-hour average trading volume of $1.2 billion, LINK has been forming a bullish pattern over the past few weeks.Santiment’s on-chain data shows that LINK has experienced its highest whale activity in 14 months, with around 1,659 transactions involving $100k or more recently recorded. This surge in whale interest signals strong confidence in LINK’s potential.Aave (AAVE)Amid the ongoing crypto correction, AAVE has recorded a 4x rise in whale activity compared to last week, according to on-chain data analysis from Santiment. The mid-cap altcoin, with a fully diluted valuation of about $4.3 billion and a daily average trading volume of about $843 million, has been forming a bullish pennant.Already in a rising trend, AAVE’s price is well-positioned to retest its all-time high in the near future.Sky (SKY) and USDSThe USDS (USDS) project, which has a market capitalization of around $7.3 billion, is gaining attention as a key financial tool, especially with the growing adoption of decentralized stablecoins. Additionally, Sky (SKY), which evolved from Maker (MKR), has seen a 4x rise in whale activity over the past few days. As decentralized finance continues to grow, both of these projects are well-positioned to benefit.With key players showing momentum, the next few weeks could be crucial for altcoin investors. We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?