The cryptocurrency market is undergoing a correction phase, with global market capitalization slightly declining. However, smart investors and 'wise' wallets are quietly accumulating the following three altcoins, demonstrating confidence in their potential for recovery and long-term growth.
Although Shiba Inu has adjusted more than 6% in the past 7 days, this downward momentum seems to be attracting strong buying interest from large investors. On-chain data shows that smart wallets have increased their SHIB holdings by 9.29% over the past week, adding approximately 3.78 billion tokens. In total, nearly 1.2 trillion SHIB, worth about $15.7 million, has been transferred to stronger investors, including a reduction of 1.1 trillion SHIB on exchanges. Technically, the Bull-Bear Power indicator has shifted to positive, indicating that the bulls are regaining control.
In August, Uniswap witnessed a decline of more than 3.5%, however, smart investors continued to accumulate UNI. This indicates growing confidence in the narrative of this DEX token, especially as stablecoin liquidity and decentralized trading activity continue to rise. Over the past 30 days, the UNI holdings of smart wallets have increased by 6.51%, equivalent to approximately $24.9 million in purchases. 'Whales' are also increasing their positions, accumulating an additional 8.74 million UNI, while reserves on exchanges decreased by 0.89%, indicating that capital is flowing out of exchanges.
Lido DAO, another DeFi project, has also attracted accumulating investors over the past week. Although LDO fell more than 17% at the end of August, smart investors still increased their holdings by 2.36%, currently owning 26.48 million tokens. The top 100 addresses also reflect this trend, increasing their holdings by 0.13%. At the same time, LDO balances on exchanges decreased by 2.2 million tokens, equivalent to nearly $2.7 million. Overall, this activity indicates over $4.7 million in net buying pressure, emphasizing widespread accumulation from smart investors and large holders, even as some 'whales' sell off.
