In brief
Cardano Whales Added Over 170 Million ADA Worth Over $158 Million, Betting on Breakout Above $1.
Chainlink Whit's Reserves Rose to $147 Million, With LINK Targeting $30 and Possibly $35 as Bullish Momentum Persists.
The value of the morpho whale's reserves has risen to $9.9 million, expecting growth to $3.09 and possibly to $4.57 if the market remains resilient.
Despite the growth of the cryptocurrency market as a whole (Bitcoin rose by 2.2%, Ethereum by 10.1%, and XRP by 6.5%), whales are not chasing every increase. Large cryptocurrency holders are acting selectively, concentrating their bets on tokens where they see the highest risk/reward ratio.
This discrepancy explains why some assets remain range-bound despite the overall recovery, while others attract significant investment inflows. Tracking which coins crypto whales are buying after Powell's speech in Jackson Hole provides a clearer picture of where major capitalists expect further growth. Read on for three such coins.
1.
$ADA (Cardano) quickly joined the list of altcoins being bought by crypto whales amid growing optimism about a possible rate cut in September following Powell's speech in Jackson Hole. While Ethereum and other major cryptocurrencies have risen sharply, ADA's rally has been more sustained, suggesting it still has upside potential to catch up.
Blockchain data indicates a renewed interest from whales. Balances of wallets holding between 10 million and 100 million ADA have increased from 12.97 billion to 13.08 billion ADA in just 24 hours. This represents a gain of 110 million ADA, worth approximately $102 million at the current price of $0.93.
Meanwhile, mega-whales holding over 1 billion ADA have already made a move in early August, increasing their holdings from 1.82 billion to 1.88 billion ADA; the increase was approximately 60 million ADA, worth nearly $55.8 million.
This scale of accumulation underscores the confidence of large holders that ADA could benefit significantly if the Fed confirms easing in September.
In terms of price, ADA is trading around $0.93, up more than 8% in the last 24 hours, although slightly down - 2% for the week. Immediate resistance lies at $0.94 and $0.97, and a breakout potentially opens the way to the psychological level of $1.
Above this level, limited resistance could push ADA to $1.23.
2.
$LINK (Chainlink) is another coin being bought by crypto whales, fueled by active investor participation. Over the past 24 hours, whales have added approximately 64,674 LINK (nearly $1.69 million), increasing their portfolio to 5.64 million LINK.
Exchange balances fell 0.6%, indicating retail accumulation and whale activity, while smart money and top addresses also increased their holdings. Balances decreased by approximately 1.59 million LINK, equivalent to approximately $41.6 million at the current price of $26.13.
The price of LINK has risen nearly 70% in the last three months and remains in an uptrend. The token is currently testing the 0.618 Fibonacci retracement level at $26.76, which is widely considered strong resistance. If this level is broken, LINK could rise to $30, and whales are likely targeting an expansion target of $35.52.
Importantly, the Bull Bear Power indicator has remained green for 17 consecutive sessions, confirming sustained bullish momentum rarely seen during recent rallies.
Given Powell's signal of easing liquidity conditions, whales may be betting on LINK as a leading oracle with robust technical support.
The bull power indicator measures the strength of buyers by comparing the day's highest price to a moving average, showing how far bulls can rise above the average trend.
3.
$MORPHO (Morpho) - a DeFi protocol that enables lending and borrowing through efficient vaults - is also attracting the attention of whales.
Over the past 24 hours, whale wallets have increased their assets by 1.32%, bringing their total to 3.74 million MORPHO, which are now valued at approximately $9.9 million at the current price of $2.64.
At the same time, currency reserves decreased by 1.35% (currently at 21.32 million MORPHO), reflecting parallel retail purchases.
Morpho has outperformed the broader market, posting a daily gain of 9.4% and a gain of nearly 77% in the last three months.
The chart shows that it recently exceeded the critical resistance at $2.63 and is now targeting $3.09 with the potential to grow to $3.80 if momentum is maintained.
In the longer term, Fibonacci levels suggest $4.57, which would be a new all-time high. Invalidity is reached below $2.18, where the bullish trend will turn bearish.
As Powell hints at rate cuts and DeFi prepares to benefit from renewed liquidity, whales appear to be positioning Morpho as one of the breakout coins to watch.
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