This week, a noticeable dip in crypto market activity has pushed several assets into decline, while others have mostly traded sideways amid fading momentum.
With sentiment turning cautious, large investors, known as crypto whales, are selectively accumulating some assets whose dips offer a strategic buying opportunity.
SponsoredWorld Liberty Financial (WLFI)
Donald Trump-linked WLFI has emerged as one of the standout tokens that has drawn whale attention this week. The altcoin’s value has dipped 12% in the past seven days, creating what some whales view as a buy signal.
According to Nansen, large investors holding more than $1 million worth of WLFI tokens have increased their supply by 4.82%, taking advantage of its price weakness to build positions. Currently, this cohort of investors holds 20.18 million WLFI.
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Sustained whale activity could support a reversal in WLFI’s current trend and push its price above $0.1814.
On the other hand, a drop in whale buying may open the token to further short-term declines. In this scenario, its price could plunge to $0.1611.
PEPE
Solana-based meme coin PEPE has also caught the attention of large investors this week. According to on-chain data from Santiment, addresses holding between 10,000 and 100,000 PEPE tokens have collectively added 8 million tokens to their wallets over the week under review.
Trading at $0.00000932 at press time, PEPE’s value is down 5% in the past week. This renewed whale interest suggests that accumulation is underway at lower price levels, possibly positioning ahead of a short-term rebound in meme token demand.
SponsoredIf this happens, it could drive its price to above $0.00000984.
However, if market activity remains sluggish, the token could revisit support near $0.00000830.
SponsoredThe Sandbox (SAND)
Metaverse-focused altcoin SAND has also seen notable whale accumulation. Despite trading mostly sideways this week, SAND’s price weakness appears to have attracted some significantly large investors.
Santiment data shows that addresses holding between 100 million and 1 billion SAND have increased their balances by 20 million tokens in the past week.
If this pattern continues, SAND could break out toward $0.2899 in the short term.
However, the token could suffer pullbacks to $0.2545 if whale activity slows.
