Whales Accumulate Discounted Altcoins SHIB, ENA, MORPHO as Black Friday Crypto Deals Boost Security

As Black Friday approaches, cryptocurrency whales are actively accumulating top altcoins trading at substantial discounts, with Shiba Inu (SHIB), Morpho (MORPHO), and Ethena (ENA) drawing significant attention due to their depressed prices and emerging bullish indicators. This activity coincides with Tangem's major hardware wallet promotion, offering a 30% discount and a $10 Bitcoin reward to enhance crypto security.

Shiba Inu (SHIB), a well-known meme coin, has plummeted approximately 65% over the past year and is nearly 90% below its all-time high. In the last 30 days, whale holdings increased by 4.67%, now totaling 86.89 billion SHIB, indicating accumulation at perceived lows. The price rose around 18% since November 21, supported by the bull–bear power indicator turning green, signaling buyer dominance. For a sustained recovery, SHIB must close above $0.0000088, with a break above $0.0000102 potentially accelerating gains; however, a drop below $0.0000075 could reverse the trend.

Morpho (MORPHO), a DeFi lending token, is down 63% from its January peak. The top 100 holders boosted their supply by 3.18% to 966.36 million MORPHO in the past month, while public-figure wallets saw holdings surge over 1,000%. Trading near $1.50, the RSI at 34 suggests oversold conditions, with key resistance at $1.98—a break above could target $2.49, but a fall below $1.42 might lead to $1.09.

Ethena (ENA), associated with synthetic dollar protocols, has declined 51.6% year-over-year and 81% from its April 2024 high. Whale activity includes one wallet purchasing 14.56 million ENA from exchanges like Binance and Wintermute, and another accumulating 25 million ENA, now holding 285.15 million ENA worth over $76 million. The bull–bear power has turned green, and a close above $0.294 with volume could push prices toward $0.33, though a drop below $0.218 would weaken rebound prospects.

In a parallel development, Tangem, a Swiss hardware wallet manufacturer, is running its biggest Black Friday deal from November 21 to December 9. Customers can use promo codes BF2025 and TANGEM10 to stack a 30% discount on wallets, with a 3-card pack dropping from $69.90 to $48.93. Additionally, each purchase includes an automatic $10 Bitcoin reward credited to the Tangem app, aiming to drive self-custody adoption amid rising security concerns.