While the cryptocurrency market is collectively recovering – Bitcoin up 2.2%, Ethereum breaking out 10.1%, and XRP adding 6.5% – the whale community is showing caution, not chasing every upward move. Instead, large investors are selectively choosing destinations, channeling funds into tokens they assess to have the most attractive risk-return ratio.
This polarization explains why many assets remain trapped in a sideways range despite the general recovery trend, while others become the focal point attracting cash flow. Monitoring the next moves of whales after Chairman Powell's speech at the Jackson Hole conference will provide a clearer view of large capital expectations for the next bullish wave. Below are three standout coins that are currently under attention.
Cardano (ADA)
Cardano quickly became the focus in the list of altcoins being heavily accumulated by whales, thanks to increasing expectations of the Fed cutting interest rates in September following Chairman Powell's remarks at Jackson Hole. While Ethereum and many other major coins recorded impressive breakthroughs, ADA has grown in a steadier and more consistent manner, indicating room to continue catching up in the race.
On-chain data recorded significant cash flow returning to the ecosystem. In just 24 hours, the wallet group holding between 10 million and 100 million ADA has increased the total balance from 12.97 billion to 13.08 billion ADA – an additional 110 million ADA, worth around 102 million USD at a price of 0.93 USD. Previously, 'super whales' holding over 1 billion ADA had already taken a step ahead since early August, accumulating an additional 60 million ADA, raising their holdings to 1.88 billion ADA, worth nearly 55.8 million USD.
This large-scale accumulation move reflects a strong belief that ADA could benefit significantly if the Fed officially eases policies in the September meeting.
In terms of price movement, ADA is currently trading around 0.93 USD, up more than 8% in the past 24 hours but still down slightly 2% for the week. Key resistance levels are at 0.94 USD and 0.97 USD; if successfully broken, ADA could extend its rally to the psychological level of 1 USD.
Above 1 USD, the resistance is relatively limited, creating an opportunity for ADA to advance further towards the 1.23 USD region. Conversely, if the price falls below 0.82 USD, the short-term bullish scenario will be invalidated, potentially shaking the confidence stemming from the accumulation activities of whales.
Chainlink (LINK)
Chainlink continues to be in the 'sights' of whales, recording strong buying power from both institutional and retail investors. In the past 24 hours, large wallets have accumulated about 64,674 LINK, equivalent to nearly 1.69 million USD, raising the total holdings to 5.64 million LINK.
At the same time, the balance of LINK on exchanges decreased by 0.6% – a signal indicating that the accumulation trend is becoming increasingly evident. Not only are retail investors withdrawing tokens to their private wallets, but 'smart money' and whale addresses are also increasing their exposure. In total, about 1.59 million LINK (worth nearly 41.6 million USD at the current price of 26.13 USD) has been withdrawn from exchanges.
In terms of price movement, LINK has surged nearly 70% in the past three months and continues to maintain an upward trend. The token is currently testing the Fibonacci 0.618 level at 26.76 USD – an important resistance area. If successfully broken, the price could head towards the 30 USD mark, even reaching an extended target of 35.52 USD – considered the target by whales.
Another highlight is that the 'Bull-Bear Power' indicator has maintained a continuous green for 17 sessions, confirming sustainable upward momentum – a rare factor in previous recovery phases. In the context of the Fed signaling liquidity easing, it is possible that LINK will become a top choice in the oracle sector, thanks to a solid technical foundation.
Morpho (MORPHO)
Morpho – a DeFi protocol that allows borrowing and lending through optimized vaults – is standing out as it becomes the focal point of whales.
In just the past 24 hours, the holding amount from whale wallets has increased by 1.32%, raising the total to 3.74 million MORPHO, equivalent to approximately 9.9 million USD at a price of 2.64 USD. Meanwhile, the reserves on exchanges have decreased by 1.35%, down to 21.32 million MORPHO, reflecting that retail buying is in sync with the accumulation actions of whales.
In the market, Morpho outperformed the average with a 9.4% increase in one day and nearly 77% over the past three months. Technically, this token has just broken above a significant resistance level of 2.63 USD and is heading towards 3.09 USD, and could even extend to 3.80 USD if the upward momentum holds.
In the long-term scenario, Fibonacci levels indicate a target of 4.57 USD, marking a new historical peak. However, if the price falls below 2.18 USD, the bullish outlook will be denied, making way for a downward trend.
Notably, with the signal of interest rate cuts from Fed Chairman Jerome Powell and expectations that DeFi will benefit from new liquidity, whales seem to be betting that Morpho will become one of the strongest breakout names in the market.
