The US crypto market just got its clearest green light yet. On July 18, the GENIUS Act, America’s first-ever stablecoin regulation, officially became law, signed by President Trump after passing both the House and Senate. Alongside it, the CLARITY Act, which aims to split crypto regulatory duties between the SEC and CFTC, cleared the House and now heads to the Senate.
These back-to-back legislative wins mark the most significant regulatory momentum in years. As markets responded, whale wallets rotated capital into tokens synced with hype cycles, infrastructure, and meme-driven narratives. On-chain data shows three altcoins gaining attention.
Lido DAO (LDO)
Lido DAO has seen a strong wave of accumulation this week, with whale holdings up 40.38%, increasing to 18.68 million LDO, worth approximately $23.17 million at the current price of $1.24. This uptick in large wallet activity comes alongside LDO attempting a breakout past recent resistance levels.
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Exchange balances dropped by 4.27% to 282.7 million LDO, suggesting continued outflows as tokens move into self-custody. Moreover, the top 100 holders now control 828.85 million tokens, up 0.53%, showing growing dominance and tighter supply concentration.
Also, Lido’s distribution score remains low at 8, reinforcing the insider-heavy nature of its supply base. At the same time, smart money dipped 6.64%, likely due to profit-taking on earlier entries. Not surprising as LDO has charted gains worth 41%+ week-on-week.
With the GENIUS Act passing in the US House, staking-focused assets like Lido may be gaining favor among whales anticipating regulatory green lights. As Ethereum staking grows more legitimized, protocols like Lido appear well-positioned for renewed institutional interest.
FLOKI (FLOKI)
FLOKI has caught strong crypto whale attention this week, with large holders increasing their positions by 4.63%, pushing whale holdings to 27.24 billion FLOKI. At the current price of $0.00013974, that equals around $176,000 in fresh whale inflows over the past 7 days. The uptick aligns with Floki’s 100% month-on-month rally, hinting that whales may be front-running further upside.
The top 100 addresses now hold 8.95 trillion tokens, up 0.35%, suggesting steady accumulation at the top end. Despite the climb, the distribution score remains at 9, indicating a somewhat centralized but expanding holder base. Exchange balances have dropped 1.3% to 2.13 trillion, signaling mild outflows and a potential supply crunch forming on centralized platforms.
Backed by meme coin momentum and community-driven speculation, FLOKI is emerging as a standout in the post-GENIUS Act buzz, especially as US regulatory clarity injects confidence into risk-on tokens. This confidence stems from the fact that traders can rotate stablecoins into riskier plays without worrying about the ground shifting under them.
Book of Meme (BOME)
BOME, the Solana-based meme coin, is up 31% over the past 7 days and 70% month-on-month, riding the meme coin resurgence fueled by US retail optimism post-GENIUS Act. Crypto whale holdings have climbed to 1.46 billion BOME, marking a 2.71% increase. The combined whale holdings, at the current price of $0.0024, are equivalent to $3.53 million worth of tokens.
Additionally, the distribution score is 15, signaling centralization but improving participation. Plus, the top 100 addresses saw a slight dip of 0.01%, potentially reflecting internal reshuffling. Exchange reserves dipped 0.11% to 56.54 billion, supporting the thesis of decreasing sell-side pressure and reinforcing bullish leanings on-chain.
The meme tokens’ (FLOKI and BOME) sharp bounce appears more than just sentiment; it coincides with renewed appetite among large holders during a week where broader US legislative wins injected confidence in speculative altcoins. With public wallets flat and smart money unchanged, whales remain the key market movers here.
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