Today, the US Senate Banking Committee plans to hold a hearing. Leading lawmakers will meet with Ripple CEO Brad Garlinghouse and other key industry figures to discuss the evolving structure of digital asset markets.
Amid rising expectations for greater regulatory clarity, crypto whales seem to be making bold moves. On-chain data indicates that large investors have ramped up their accumulation of CRO, SHIB, and BONK.
Kronos (CRO)
CRO, the native token of the Cronos Chain, has already made headlines this week after Trump Media & Technology Group mentioned it in the proposed ETF.
On Tuesday, the company filed for a new exchange-traded fund (ETF) called 'Truth Social Crypto Blue Chip ETF.' The fund will contain a diversified portfolio of five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and CRO.
This has sparked renewed interest from investors in the token. The combination of ETF-related momentum and the expectation of greater regulatory clarity has led to a noticeable increase in whale confidence.
According to Santiment, large holders of CRO—wallets containing between 10 million to 100 million tokens—have accumulated an additional 20 million CRO over the past two days, increasing their total holdings to 1.03 billion tokens. If this trend of whale accumulation continues, it could provide the bullish momentum needed to raise the price of CRO to $0.104 in the short term.
However, if profit-taking begins, the price of CRO may drop to $0.085.
Shiba Inu (SHIB)
The leading meme coin SHIB is among the assets that crypto whales are buying ahead of today's hearing in the Senate.
According to IntoTheBlock, the historical concentration of SHIB shows a 3% increase in holdings by addresses that own more than 1% of the total circulating supply of the token. This means that the largest holders are strengthening their control over the meme coin, which is a sign of growing confidence among large investors.
At the time of publication, this group of whales collectively owns 62% of the total supply of SHIB, amounting to 603.30 trillion tokens. Typically, the buying activity of large holders is seen as a vote of confidence. This encourages smaller investors to follow suit, fearing they might miss out (FOMO). As SHIB whales strengthen their control over the supply, a scarcity arises, which could create upward pressure on the price, elevating it to $0.000013.
However, if the bullish momentum weakens, SHIB may lose some of its recent gains and trade at $0.000011.
Bonk (BONK)
A recent surge in activity on the decentralized meme coin platform LetsBonk has sparked new demand for the token among both retail and whale investors. As excitement builds ahead of today's US Senate hearing on digital assets, whale accumulation of BONK continues.
According to Moby Screener data, 11 whales executed 70 large transactions over the past 24 hours. Of these, 39 were buy transactions, totaling 3.17 billion BONK tokens, compared to 31 sales amounting to only 172.14 million tokens. This resulted in a net positive flow of 3 billion BONK over the last day. The accumulation trend confirms that whales are positioning themselves ahead of a potential policy shift, signaling growing confidence in the near term for BONK.
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