beincrypto.com
The crypto market has seen a notable uptick in activity this week, with total market capitalization rising by 10% over the past seven days.
This surge reflects renewed investor interest, particularly among large holders, who have strategically accumulated select altcoins.
Uniswap ($UNI)
Uniswap’s governance token $UNI is one of the tokens crypto whales bought this week. This is evidenced by its large holders’ netflow, up 492% over the past seven days.
The large holders’ netflow measures the difference between the amount of tokens that whales buy and sell over a specified period. When it surges like this, it signals strong accumulation by whales, suggesting growing confidence or a bullish outlook on the asset.
If whale accumulation persists, $UNI could extend its rally to $7.10. On the other hand, if demand leans, $UNI could shed recent gains and fall to $4.60.
MANTRA (OM)
OM’s recent price downturn has opened the door for strategic accumulation by some of its largest holders. According to on-chain data from Santiment, whale addresses holding between 10 million and 100 million OM tokens scooped up 26 million OM during the week under review.
This accumulation trend follows a dramatic collapse in OM’s price on April 13. The token suffered a flash crash that erased over 90% of its value in less than an hour, wiping out more than $5.5 billion in market capitalization.
The price plunge shook retail sentiment, but whales appear to have viewed it as a discounted entry point, positioning themselves for a potential recovery.
If this trend continues, OM could rally above $1. However, once selloffs resume, its price could fall to $0.022.
Worldcoin ($WLD)
Sam Altman-linked $WLD is another altcoin that crypto whales bought this week. On-chain data shows that whales holding between 1 million and 10 million tokens have acquired 13 million $WLD over the past week.
This group of $WLD investors holds 798.06 million tokens at press time, marking their highest recorded balance. If $WLD whales increase their accumulation, its price could rally back above $1.
On the other hand, if selloffs continue, it could fall to $0.57.