The broader crypto market is bounced, with Bitcoin rising 2.2%, Ethereum rising 10.1% and XRP rising 6.5%, while whales aren’t chasing every rally. Instead, large holders are moving selectively, allowing them to focus their bets on tokens and see the rewards of the strongest risk.
This difference explains why some assets remain in scope despite a wider recovery, while others attract large inflows. Tracking the coins that the Crypto Whale is buying after Powell’s Jackson Hole speech provides a clearer picture of where big money expects momentum to be built next. I’ve identified three of these coins, so please read on.
Cardano (ADA)
Cardano quickly joined the Altcoins Crypto whales list as optimism is built around the possibility of a September cut following Powell’s Jackson Hole speech. Ethereum and other majors have surged aggressively, but Ada’s rally has been stable and suggests there may still be room to catch up.
On-chain data shows new whales’ interest. Wallets, which hold ADAs of 10 million to 100 million, have lifted their balances from 12.97 billion to 13.08 billion in just 24 hours. This is an additional $110 million ADA, worth around $122 million at its current price of $0.93.
Meanwhile, the Mega whales, which have more than 1 billion ADA, had already moved in early August, raising Stash from 1.82 billion to 1.888 billion ADA. An increase of about 60 million ADA, worth about $55.8 million.
The scale of this accumulation highlights the conviction among large holders that the ADA could benefit strongly if the Fed confirms the September easing.
From a price point of view, ADA has increased by more than 8% over the last 24 hours, but has declined slightly over a week, but has risen by more than 8%. Immediate resistance is $0.94 and $0.97, and breakouts could potentially open the door to a psychological level of $1.
More than that, limited resistance could lead the ADA to $1.23. However, breakdowns below $0.82 can disable bullish setups in the short term and even shake up the confidence reflected in the whale purchase.
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ChainLink
ChainLink is another name among the coins Crypto whales are buying, supported by the participation of a wide range of investors. Over the past 24 hours, the whales have added around 64,674 links (almost $1.69 million), bringing the stash up to 5.64 million links.
Exchange balances fell 0.6%, signaling retail accumulation along with whales’ activity, but smart money and top addresses also increased exposure. The current price was $26.13 and the balance was around 1.59 million links, equivalent to about $41.6 million.
Price-wise, Link has risen nearly 70% over the past three months, and remains on an upward trend. Token is currently testing a 0.618 Fibonacci retracement for $26.76. This is widely considered to be strong resistance. If that level breaks, the link could rise to $30, and the whales could be aiming for an extension target at $35.52.
Importantly, the Bullbear Power Indicator has maintained the green in 17 straight sessions, confirming a consistent bullish momentum that is rarely seen at recent rallys.
Powell’s easy condition signal of liquidity could mean that whales are betting on the link as a major oracle play with solid technical assistance.
The Bull Power Indicator measures the strength of the buyer by comparing the highest price of the day with the moving average, indicating how much the Bulls can surpass the average trend.
Morpho (morpho)
Morpho is also a defi protocol that allows efficient vaults to be rented out and borrowed, attracting whales’ attention.
Over the past 24 hours, whale wallets have increased their holdings by 1.32% to a morpho total of 3.74 million.
At the same time, Exchange Reserves fell by 1.35% (currently 2132 million morpho) reflecting parallel retail purchases.
Morpho has outperformed the broader market with a daily increase of 9.4% and nearly 77% growth over the past three months.
On the charts, it has recently surpassed serious resistance at $2.63 and is currently targeting $3.09, potentially $3.80 if momentum is maintained.
In the long run, the Fibonacci expansion suggests $4.57. The nullification is below $2.18, making bullish setups bearish.
Powell hints at rate cuts and is being prepared to benefit from new liquidity, so the whales appear to be placing them as one of the breakout coins to see the morpho.
A post purchased by Crypto whales after Powell’s Jackson Hole speech first appeared on Beincrypto.
