Large cryptocurrency holders, commonly known as whales, are actively accumulating positions in several altcoins as market conditions show signs of improvement and following a significant macro-economic development. On-chain data reveals steady buying activity in Dogecoin (DOGE), Chainlink (LINK), and Uniswap (UNI), while separate analysis points to whale accumulation in Pump.fun (PUMP), Synthetix (SNX), and Onyxcoin (XCN) after the U.S. Supreme Court's decision to block former President Donald Trump's tariffs.
The accumulation in DOGE, LINK, and UNI appears to be a strategic positioning during a broader market recovery. For Dogecoin, whales holding between 10 million and 100 million DOGE increased their combined holdings from 17.60 billion to 17.76 billion DOGE in a single day, an addition of 160 million DOGE worth approximately $23.5 million. This coincided with DOGE's price reclaiming key technical levels, moving above both its 20-day and 50-day exponential moving averages (EMAs).
Similarly, Chainlink saw large wallets increase holdings from 503.20 million to 503.42 million LINK, adding roughly 220,000 LINK (worth ~$3.1 million) as the token tested an important resistance zone. Uniswap witnessed a measured increase, with whale holdings climbing from 549.37 million to 549.57 million UNI, representing an addition of 200,000 UNI (worth ~$1.1 million). Analysts note that UNI's price action showed a bullish RSI divergence, signaling potential weakening of downside momentum.
A separate wave of accumulation is linked to a recent macro event. Following the Supreme Court's ruling against Trump's tariffs, which is perceived to ease inflation pressure and improve risk appetite, whales have begun positioning in other altcoins. Pump.fun (PUMP), a platform for speculative token launches, saw whale holdings rise 1.16% in 24 hours, adding about 140 million PUMP tokens (worth ~$280,000). The token is reportedly forming a bullish inverse head-and-shoulders pattern on its chart.
In the DeFi sector, mega whales are leading accumulation in Synthetix (SNX). The top 100 addresses increased their SNX holdings by 1.47%, adding roughly 4.52 million SNX (worth ~$1.83 million). SNX is showing a potential cup and handle pattern, a bullish continuation structure. Finally, Onyxcoin (XCN) saw whale holdings rise from 48.84 billion to 48.96 billion XCN, an addition of 120 million tokens (worth ~$612,000), despite recent weak performance, suggesting whales may be betting on a long-term reversal tied to improved blockchain settlement demand.
The collective behavior indicates a cautious but deliberate strategy by large investors. Rather than chasing sharp breakouts, they are building exposure near key technical levels, which often precedes stronger market momentum. The capital deployed ranges from hundreds of thousands to tens of millions of dollars across these assets.
