Whales are placing bets: what are they accumulating amid the crypto market decline?
The total market capitalization of the crypto market has dropped by 5%, reaching $3.28 trillion — investors are cautious. However, despite the overall decrease, major players are actively replenishing their portfolios with individual assets, betting on their future growth.
🔹 PancakeSwap (CAKE)
This week, addresses holding between 10 to 100 million CAKE increased their reserves by 710,000 tokens. This interest is linked to the news that the Coinbase exchange added CAKE to its roadmap of potential listings. This has raised expectations for increased liquidity and a possible pump.
🔹 Dogecoin (DOGE)
DOGE is back in the spotlight. The net accumulation volume from large holders (controlling more than 0.1% of the supply) has increased by 112% over the week. This indicates strong confidence in the asset.
🔹 Optimism (OP)
Another favorite among whales is the second-layer token Optimism. Addresses with 1–10 million OP added 17 million tokens to their balance over the week. They now hold a record 965 million tokens.
Conclusion: despite the market decline, major investors are not losing interest in promising altcoins.