- Solana attracts attention with strong fundamentals and growing DeFi activity.
- Hyperliquid shows growth potential, with whales maintaining strong holdings despite sell-offs.
- Chainlink rebounds, with whales accumulating tokens and strengthening DeFi presence.
The crypto market took a hit last week, but the whales have since picked up on a buying opportunity. When Bitcoin dipped below $80,000, altcoins Ethereum, Solana, XRP, Cardano, Dogecoin, and Shiba Inu also bled, leading to large investors (“crypto whales”) snapping up altcoins. According to AltcoinBuzz, three in particular caught their eye:
Solana: Beyond Robinhood?
Solana’s DeFi trading volume surpassed that of Robinhood, a sign that more traders are moving their activities on-chain.
Solana is currently hovering around a critical support level of $125-$135, and if the market turns bullish, SOL could make a run toward $138. Many whales are betting on Solana’s long-term potential, especially since it has strong fundamentals and solid use cases.
Related: Meme Coin Mania Fades as Investors Seek Crypto with Substance
Hyperliquid: Whales Hold Strong
Hyperliquid, a newer decentralized exchange (DEX), but with high volume and steady growth. Even though it has seen massive sell-off like other altcoins, whales have held strong making sure Hyperliquid bounces back for the long term.
With an increasing number of whales holding large amounts of Hyperliquid, a price surge could be in the cards once the market stabilizes. HYPE has gained 12% in the last 24 hours and is now eyeing to break the $15 mark.
Related: Ethereum’s Price is Up, But This Analyst Still Sees Trouble Ahead
Chainlink: The Whale Favorite
Chainlink saw a mild rebound after a price drop, bouncing from $13.18 to $15.25, and it’s attracting significant whale interest. Crypto analytics firm Santiment reports that Chainlink’s whales continue to accumulate more tokens. In fact, the top five Chainlink holders now own nearly 18% of the total supply.
With the growing interest in DeFi and smart contract platforms, Chainlink remains a top pick for institutional investors. Steady accumulation by whales based on their market study makes it an apparent choice for further growth. Not just that, but Chainlink’s role in the expansion of decentralized finance is proven. In short: the smart money always bets on Chainlink.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
, Hyperliquid (HYPE), and Chainlink (LINK) last week. Here's why they picked these 3 altcoins.){kind=link}