$SOL The cryptocurrency market had a brief rise on news of an almost concluded trade deal between the USA and China, but the armed conflict between Israel and Iran brought it crashing down again.

Over the past day, Bitcoin fell by 2.65%, Ethereum decreased by almost 8.9%, and Solana dropped by 9.2%. While retail investors are counting their losses, large cryptocurrency holders are using the situation to accumulate altcoins.

For example, in the past few days, crypto whales invested over $120 million in Cardano (ADA). Accumulation began after Bloomberg Intelligence raised the probability of approving a Cardano ETF to 75% by 2025.

In the last day, Cardano fell by 7.8% and may continue to decline amid Bitcoin's downturn.

The most popular token in the market for crypto whales has been Hyperliquid (HYPE). Two major holders collectively spent about $14.9 million on the altcoin: one bought HYPE at a price of $38.5, while the other bought it at $39.1. It is known that both used their tokens for staking, thereby demonstrating their confidence in its future.

At the time of writing, HYPE was trading at $40.02, down 3.58% over the day.$BTC $ETH $BNB