What Crypto Whales are Buying Before the Senate Hearing

CoinWorld News reports that the U.S. Senate Banking Committee plans to hold a hearing today. Senior legislators will meet with Ripple CEO Brad Garlinghouse and other key industry figures to discuss the evolving structure of the digital asset market. Amid growing expectations for more regulatory clarity, cryptocurrency whales seem to be taking bold actions. On-chain data shows that large investors have increased their accumulation of CRO, SHIB, and BONK. Cronos (CRO) The native token CRO of the Cronos Chain has made headlines this week after Trump Media & Technology Group nominated it in a proposed ETF. On Tuesday, the company submitted an application for a new exchange-traded fund (ETF) called the 'Truth Social Crypto Blue Chip ETF.' The fund will hold a diversified portfolio consisting of five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and CRO. This has sparked renewed interest from investors in the token. The momentum related to the ETF, combined with expectations for more regulatory clarity, has led to a significant rise in whale confidence. According to data from Santiment, large CRO holders (wallets holding between 10 million and 100 million tokens) have accumulated an additional 20 million CRO over the past two days, bringing their total holdings to 1.03 billion tokens. If this trend of whale accumulation continues, it could provide bullish momentum, pushing the price of CRO towards $0.104 in the short term. However, if profit-taking begins, the price of CRO could drop to $0.085. Shiba Inu (SHIB) The leading meme coin SHIB is one of the assets that cryptocurrency whales have purchased ahead of today's Senate hearing. According to data from IntoTheBlock, the historical concentration of SHIB shows that addresses holding more than 1% of the total circulating supply of the token have increased their holdings by 3%. This indicates that the largest holders are strengthening their control over the meme coin, which is a sign of increased confidence among major investors. As of the time of publication, this whale group holds a total of 62% of SHIB's total supply, equivalent to 603.30 trillion tokens. Typically, buying activity from large holders is seen as a vote of confidence, prompting smaller investors to follow suit out of fear of missing out (FOMO). As SHIB whales strengthen their control over the supply, the resulting scarcity could generate upward price pressure, pushing its price towards $0.000013. However, if bullish momentum wanes, SHIB may lose some of its recent gains, trading at $0.000011. Bonk (BONK) The recent surge in activity on the decentralized meme coin launch platform LetsBonk has rekindled retail and whale investors' demand for the token. With growing anticipation for today's U.S. Senate hearing on digital assets, whales continue to steadily accumulate BONK. According to data from Moby Screener, 11 whales executed 70 large transactions in the past 24 hours. Of these, 39 were purchase transactions totaling 3.17 billion BONK tokens, while 31 were sale transactions totaling only 172.14 million tokens. This resulted in a net positive inflow of 3.00 billion BONK over the past day. This accumulation trend confirms that whales are preparing for potential policy shifts, indicating increasing confidence in BONK's recent outlook.