Crypto Whales Are Buying These Altcoins After the Market Bottom

Donald Trump’s decision to pause proposed tariffs has reignited the crypto market. Prices are bouncing. Confidence is returning, and crypto whales are accumulating again.

The recent rebound may have marked a local bottom, with several cryptos rising from their swing lows. Now, whales are scooping up select altcoins with strong upside potential.

In this analysis, we reveal the top three altcoins whales are buying, why they are betting big, and what this could mean for prices.

MANTRA (OM)

OM’s inclusion as part of the altcoins that crypto whales are accumulating might surprise some market observers. At the same time, some would think it was the right move.

Earlier this week, OM’s price plummeted by 90% under controversial circumstances. The sudden crash sparked rug pull allegations, with many pointing fingers at the MANTRA team.

However, the project’s developers denied any involvement in the collapse. As a result, OM’s market value slid from $6, and currently trades at $0.64.

Following the development, on-chain data from Santiment shows that crypto whales are accumulating the token. Specifically, CCN looked at the activity of addresses holding between 100 million and 1 billion tokens.

On April 13, the balance of this cohort was 300 million. As of this writing, it has increased to 430 million, indicating that crypto whales bought the dip on the OM decline.

At OM’s current price, the tokens accumulated by whales are worth roughly $275 million. The MANTRA team’s assurance of a recovery, including plans to burn part of its allocation and initiate a buyback program, appears to be fueling the renewed interest.

If accumulation continues, OM could rebound above $1 in the short term. However, should whale confidence fade, the altcoin may be at risk of plunging to new lows.

Uniswap (UNI)

Second on the list of altcoins that crypto whales is UNI, the governance token of the Uniswap protocol. This year, UNI’s price has decreased by 60% and is currently hovering around $5.

UNI’s recent decline may have opened a buying opportunity, with on-chain data from Spot On Chain revealing that a whale scooped up 818,474 UNI worth over $4 million, on April 17.

Interestingly, the same whale also accumulated AAVE, signaling renewed bullish sentiment toward DeFi tokens.

If this momentum remains the same, UNI could break out and target $10 in the near term. However, a drop in buying pressure might send the altcoin to a new yearly low instead.

Threshold Network (T)

T, the native cryptocurrency of Bitcoin-based cross-chain liquidity protocol Threshold Network, is also part of the altcoin that whales are buying.

In the last 24 hours, T’s market value has increased by nearly 50% amid increasing activity on the Threshold Network. For instance, Nansen data revealed that asset management firm Apollo Capital bridged $227,000 into TBTC, which is powered by the project.

This also seems to have piqued the interest of crypto whales. Based on IntoTheBlock’s data, the large holders’ inflow into T moved from 44 million to $121 million within the last three days.

This hike indicates that whales poured nearly $2 million into the cryptocurrency. As long as the T token continues to attract this kind of capital, the price might continue to increase.

On the flip side, if whales stop buying the token or decide to sell some of their holding, T’s price might experience a downturn.

Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

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