The cryptocurrency market has rebounded slightly this week following President Trump’s Monday announcement of the Israel-Iran ceasefire.
Some assets have since extended their rallies, while others posted more tepid performances, struggling to maintain upward momentum. Amid this mixed market recovery, on-chain data reveals that crypto whales have been quietly accumulating select altcoins, including $UNI, $WLD, and $SAND.
Uniswap ($UNI)
This week, decentralized finance (DeFi) token $UNI has received significant whale attention. This is reflected by its large holders’ netflow, up 190% over the past seven days, per IntoTheBlock.
Large holders are investors that hold more than 0.1% of an asset’s circulating supply. Their netflow measures the difference between the amount of tokens that they 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.
Moreover, the surge in large holder netflow could prompt retail traders to ramp up their $UNI accumulation. If this buying pressure continues, the altcoin could break into the $7 price zone.
On the other hand, if demand falls, the token’s price could dip to $5.91.
Worldcoin ($WLD)
$WLD, the token that powers Sam Altman’s Worldcoin, is another altcoin that crypto whales have bought this week. Data from Santiment shows a notable rise in the coin holding of whale wallet addresses that hold between 100,000 and 1 million $WLD tokens.
During the week in review, this cohort of $WLD holders acquired 1.72 million tokens, which are currently valued at over $3 million.
If this whale demand soars, it could propel $WLD’s price above the resistance at $0.97 in the near term.
However, if sentiment flips bearish and whales sell for profit, $WLD could shed some of its value and plunge toward $0.57.
The SandBox ($SAND)
Metaverse-based token $SAND is another asset that has seen a surge in crypto whale activity this week. According to data from Santiment, large investors holding between 1 million and 10 million tokens have accumulated 7.45 million $SAND over the past week.
This significant uptick in whale accumulation suggests growing confidence in $SAND’s long-term potential.
If this buying trend extends to retail traders, it could further strengthen the token’s bullish momentum in the coming weeks and push its price toward $0.30.
On the other hand, if demand buying activity declines, $SAND’s value could dip to $0.21.
beincrypto.com