Crypto Whales Are Buying These 4 Altcoins in the Current Market Crash

Eric Trump, the Executive Vice President of the Trump Organization, recently shared a post on X, suggesting that now is a great time to add Ethereum (ETH) to your portfolio. This has fueled increased calls for an upcoming altseason. The ETH/BTC pair has also recently retested a key multi-year support level around 0.023, indicating that a rebound could be on the horizon.

Crypto analyst Benjamin Vowen also believes that the Federal Reserve will soon begin Quantitative Easing (QE), a move that could further boost the U.S. economy and, in turn, the crypto market.

Let’s dive into the details.

Top Altcoins With High Whale Activity

Floki (FLOKI)

Floki (FLOKI), a popular memecoin listed on major exchanges, has seen a huge increase in whale activity this week. According to data from Santiment, whale activity has grown 4x compared to last week.

With a fully diluted valuation of about $994 million and an average 24-hour trading volume of $273 million, FLOKI is retesting an important support level in an uptrend. This makes it a coin to keep an eye on as altseason nears.

Chainlink (LINK)

Chainlink (LINK) is attracting more whale investors, especially after gaining support from World Liberty Financial (WLFI), backed by Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President With a fully diluted valuation of around $19.6 billion and a 24-hour average trading volume of $1.2 billion, LINK has been forming a bullish pattern over the past few weeks.

Santiment’s on-chain data shows that LINK has experienced its highest whale activity in 14 months, with around 1,659 transactions involving $100k or more recently recorded. This surge in whale interest signals strong confidence in LINK’s potential.

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Aave (AAVE)

Amid the ongoing crypto correction, AAVE has recorded a 4x rise in whale activity compared to last week, according to on-chain data analysis from Santiment. The mid-cap altcoin, with a fully diluted valuation of about $4.3 billion and a daily average trading volume of about $843 million, has been forming a bullish pennant.

Already in a rising trend, AAVE’s price is well-positioned to retest its all-time high in the near future.

Sky (SKY) and USDS

The USDS (USDS) project, which has a market capitalization of around $7.3 billion, is gaining attention as a key financial tool, especially with the growing adoption of decentralized stablecoins. Additionally, Sky (SKY), which evolved from Maker (MKR), has seen a 4x rise in whale activity over the past few days. As decentralized finance continues to grow, both of these projects are well-positioned to benefit.

With key players showing momentum, the next few weeks could be crucial for altcoin investors.