A notable drop in cryptocurrency market activity this week has pushed some assets lower, while others have been trading mostly sideways as momentum weakens.
As sentiment turns cautious, large investors known as crypto whales are selectively accumulating in some assets whose declines present strategic buying opportunities.
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World Liberty Financial (WLFI)
WLFI, associated with Donald Trump, emerged as one of the standout tokens that caught the attention of whales this week. The altcoin’s value has fallen 12% over the past seven days, creating what some whales consider a buy signal.
Nansen said large investors holding more than $1 million worth of WLFI tokens took advantage of the price weakness to build positions and increase supply by 4.82%. This group of investors currently holds 20.18 million WLFI.
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If the whale activity continues, it could support a reversal of WLFI’s current trend and push the price above $0.1814.
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On the other hand, a reduction in whale purchases could cause the token to fall further in the short term. In this scenario, the price could fall to $0.1611.
pepe
Solana-based meme coin PEPE also attracted the attention of large-scale investors this week. According to Santiment’s on-chain data, addresses holding between 10,000 and 100,000 PEPE tokens added a total of 8 million tokens to their wallets during the week studied.
Trading at $0.00000932 at the time of writing, PEPE’s value has fallen by 5% over the past week. This renewed whale interest suggests that accumulation at lower price levels is underway and may position us ahead of a short-term recovery in meme token demand.
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If this happens, the price could rise above $0.00000984.
However, if market activity remains subdued, the token could revisit support near $0.00000830.
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Sandbox (SAND)
Metaverse-focused altcoin SAND has also seen notable whale accumulation. Despite trading almost flat this week, SAND’s weak price appears to be attracting some fairly large investors.
According to Santiment data, addresses holding between 100 million and 1 billion SAND have increased their balances by 20 million tokens over the past week.
If this pattern continues, SAND could breakout towards $0.2899 in the short term.
However, if whale activity slows down, the token could fall to $0.2545.
