US President Donald Trump is set to sign the “Big Beautiful Bill” as it passed the senate by the skin of its teeth. The bill has been criticized by many including former ally Elon Musk who has been vocally opposing it for weeks.
Thus, it is likely to impact how the crypto market moves, and an early sign of the same can be assessed by whales’ behavior. BeInCrypto identified three crypto assets that whales chose to accumulate following the approval of the bill.
Pudgy Penguin (PENGU)
PENGU has recently attracted significant attention from whale addresses, with over 60 million tokens purchased in the last 24 hours. This indicates strong interest from large investors in the meme coin, which could lead to increased liquidity.
But, despite the sizable volume, the total value of this supply remains relatively low, sitting at approximately $880,000. Although this is a modest figure, the buying activity from whales demonstrates a growing interest in PENGU.
Currently, PENGU’s price remains relatively stable, trading at $0.0146 and under the resistance level of $0.0151. The altcoin is awaiting stronger bullish signals to break past this resistance and initiate an uptrend.
Lido DAO (LDO)
LDO whales showed a cautious reaction to the approval of the Big Beautiful Bill, with whale addresses holding over $1 million in tokens purchasing 720,000 LDO in the last 24 hours. This reflects a measured response to broader market developments, though not an overwhelming display of confidence.
The 720,000 LDO accumulated by these whales is valued at $520,560, which increases their holdings to a total of 831.85 million LDO. This represents approximately 83.18% of the total circulating supply, highlighting the concentrated nature of LDO ownership and the significant influence whales have over the token’s price.
On the price front, LDO experienced a slight 2% decline in the past 24 hours, trading at $0.718. Despite this, the altcoin is holding above its support level at $0.694. The lack of significant bearish movement suggests that LDO is currently stabilizing.
OFFICIAL TRUMP (TRUMP)
TRUMP whales quickly reacted to the approval of the bill, adding 220,000 TRUMP tokens in the last 24 hours. Their total holdings now stand at 5.93 million TRUMP, showcasing their commitment to accumulating the meme coin amid favorable developments for the broader market.
This 220,000 TRUMP buy, worth over $1.9 million, signals that TRUMP supporters are capitalizing on any momentum generated by the US President. The growing whale activity is indicative of increasing confidence, despite the overall market fluctuations impacting the token’s price.
Despite strong whale accumulation, TRUMP’s price fell by 3% in the past 24 hours, now trading at $8.63. The price is inching closer to its all-time low of $7.14, demonstrating that the market sentiment may be more cautious despite the buying activity from whales.
Disclaimer
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