đąđđ What Crypto Whales Are Buying Ahead of Senate Hearing
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The US Senate Banking Committee is scheduled to hold a hearing today. Top lawmakers will meet with Ripple CEO Brad Garlinghouse and other key industry figures to discuss the evolving structure of digital asset markets.
Amid rising anticipation of more regulatory clarity, crypto whales appear to be making bold plays. On-chain data shows that large investors have ramped up the accumulation of CRO, SHIB, and BONK.
â¨ď¸Cronos (CRO)
CRO, the native token of the Cronos Chain, has already made headlines this week after Trump Media & Technology Group named it in a proposed ETF.
On Tuesday, the company submitted a filing for a new exchange-traded fund (ETF). â The fund will hold a diversified portfolio of five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and CRO.
đĽShiba Inu (SHIB)
Leading meme coin SHIB is among the assets that crypto whales are buying ahead of todayâs Senate hearing.
Per IntoTheBlock, SHIBâs Historical Concentration shows a 3% increase in holdings by addresses with more than 1% of the coinâs total circulating supply. This means that the largest holders are tightening their grip on the meme coin, a sign of growing confidence among major investors.
đŤBonk (BONK)
The recent spike in activity on Bonkâs decentralized meme coin launchpad LetsBonk has sparked renewed demand for the token among both retail and whale investors. As excitement builds ahead of todayâs US Senate hearing on digital assets, whale accumulation of BONK remains firmly underway.
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