As the crypto market currently moves in consolidation, smart investors see this as the ideal time to make big purchases. Today, a whale made a bold move by accumulating multiple altcoins he believes will surge in the long run – an indicator that whales see something that others don’t.
The whale’s buying spree
Onchain Lens shared data on X, showing that the whale spent $5.033 million to buy several altcoins.
The whale spent:
$1.5 million to buy 1.14 million FARTCOIN tokens.
$1.49 million to buy 1.48 million WIF tokens.
$682k to buy 33.8 billion BONK tokens.
$681K to buy 200.1 million MEW tokens.
And $680k to buy 1.45 million POPCAT tokens.
The investor’s move suggests that whales are purchasing certain altcoins, which they see as undervalued opportunities. The timing and amount of this accumulation indicate a long-term belief in these assets.
Whales silently accumulate during consolidation
Despite being in the uptrend phase, most crypto assets are currently in a market correction mood. While several assets are seeing a decrease in value, whales remain hopeful about the long-term capability of multiple tokens.
Today, Fartcoin (FARTCOIN)’s price witnessed a 7.3% fall. Furthermore, its price has been down 14.4% over the past week. This fall has been accompanied by a rise in whale activity, suggesting that big investors are purchasing during the dip.
Dogwifhat (WIF) also saw a 9.8% decline today and a 25.6% drop over the past week. Today, the whale launched a massive buy position worth 1.48 million WIF tokens, as highlighted above. This is a strong indication of confidence in WIF’s upcoming performance.
Bonk (BONK) is also down 6.1% today and 24.6% over the past week. Today, the whale acquired 33.8 billion BONK tokens worth $682k, hinting at the likelihood of an upcoming pump.
Likewise, Cat in a dogs world (MEW) experienced a 5.8% drop today and a 27.8% decline in the last seven days. Today, the altcoin witnessed a substantial acquisition, with the whale buying 200.1 million MEW tokens during the price dip.
Popcat (POPCAT) is also seeing the same trend. The asset is 7.2% down today and 30.5% over the past week.
In short, this is a clear signal that FARTCOIN, WIF, BONK, MEW, and POPCAT are witnessing smart accumulations at market dips.
