In brief

Cardano whales added over 170 million ADA worth more than $158 million, betting on a breakout above $1.

Chainlink Whit's holdings have increased to $147 million, and LINK is targeting $30 and possibly $35 as bullish momentum remains.

The value of whale Morpho holdings has risen to $9.9 million, expecting an increase to $3.09 and possibly $4.57 if the market remains resilient.

Despite the overall rise in the cryptocurrency market (Bitcoin up 2.2%, Ethereum up 10.1%, and XRP up 6.5%), whales are not chasing every rise. Large cryptocurrency holders act selectively, concentrating their bets on tokens where they see the highest risk-reward ratio.

This divergence explains why some assets remain within range despite the overall recovery, while others attract significant inflows of investments. Tracking which coins crypto whales are buying after Powell's speech in Jackson Hole provides a clearer picture of where large capitalists expect further growth. Read on for three such coins.

1.

$ADA (Cardano) has quickly joined the list of altcoins being bought up by crypto whales amid growing optimism about potential rate cuts in September following Powell's speech in Jackson Hole. While Ethereum and other major cryptocurrencies have surged sharply, ADA's rally has been more stable, indicating that it still has room for catching up.

Blockchain data indicates a renewed interest from whales. Wallet balances between 10 million and 100 million ADA increased from 12.97 billion to 13.08 billion ADA in just 24 hours. This represents a gain of 110 million ADA, amounting to about $102 million at the current price of $0.93.

Cardano is one of the coins that whales are buying: Santiment

Meanwhile, mega-whales holding over 1 billion ADA already made a move in early August, increasing their holdings from 1.82 billion to 1.88 billion ADA; the increase was about 60 million ADA, amounting to nearly $55.8 million.

Such a scale of accumulation underscores large holders' confidence that ADA could see significant benefits if the Fed confirms easing in September.

In terms of price, ADA is trading around $0.93, having increased by more than 8% in the last 24 hours, although it has slightly decreased by 2% over the week. The nearest resistance is 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 that crypto whales are buying, aided by active investor participation. In the last 24 hours, whales added about 64,674 LINK (almost $1.69 million), increasing their portfolio to 5.64 million LINK.

Whales are replenishing their supplies: Nansen

Exchange balances have fallen by 0.6%, indicating the accumulation of retail assets and whale activity, while smart money and top addresses have also increased their share. Balances have decreased by about 1.59 million LINK, equivalent to approximately $41.6 million at the current price of $26.13.

LINK Price Analysis: TradingView

The price of LINK has risen nearly 70% over the past three months and remains in an uptrend. The token is currently testing the Fibonacci retracement level of 0.618 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 goal of $35.52.

It's important to note that the bull and bear strength indicator has remained green for 17 consecutive sessions, confirming a sustained bullish momentum that has rarely been observed during recent rallies.

Considering Powell's signal for easier liquidity conditions, whales may bet on LINK as the leading oracle with reliable technical support.

The bull strength indicator measures the strength of buyers by comparing the day's highest price to the moving average, showing how much higher bulls can go above the average trend.

3.

$MORPHO (Morpho) is a DeFi protocol that enables lending and borrowing through efficient pools, also attracting whale attention.

In the last 24 hours, whale wallets increased their assets by 1.32%, bringing their total to 3.74 million MORPHO, now valued at approximately $9.9 million at the current price of $2.64.

Morpho is one of the coins that whales are buying: Nansen

At the same time, currency reserves have decreased by 1.35% (currently at 21.32 million MORPHO), reflecting parallel retail purchases.

Morpho has outperformed the market as a whole, showing a daily gain of 9.4% and an increase of nearly 77% over the past three months.

The chart shows that it recently exceeded critical resistance at $2.63 and is now targeting $3.09 with the potential to rise to $3.80 if momentum continues.

MORPHO Price Analysis: TradingView

In the longer term, Fibonacci levels suggest $4.57, which would become a new all-time high. Invalidity is reached below $2.18, where the bullish trend will shift to bearish.

As Powell hints at rate cuts and DeFi prepares to benefit from renewed liquidity, whales seem to position Morpho as one of the breakout coins to watch.

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