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The digital asset market has seen muted performance this week, with many tokens surrendering most of their July gains. Global crypto market capitalization has slipped 4% over the past seven days, reflecting waning bullish momentum and cautious sentiment among traders.
However, despite the broader downturn, on-chain data reveals that crypto whales have been actively accumulating select altcoins. This analysis takes a look at some of them.
Arbitrum ($ARB)
Layer-2 (L2) altcoin $ARB has seen an uptick in crypto whale accumulation this week. According to Santiment, whales holding between 1 million and 10 million tokens have acquired 10 million $ARB over the past week, pushing their collective holdings to 2.45 billion tokens at press time.
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This trend could boost confidence among smaller investors and spark increased retail participation. As retail demand builds alongside whale activity, it may create the momentum needed to break $ARB from its sideways trend.
If demand grows, $ARB eyes a break above the resistance formed at $0.52 and a push toward $0.57.
On the other hand, if selloffs continue, it could fall to $0.45.
Chainlink ($LINK)
$LINK, the native token of oracle network provider Chainlink, is among the altcoins crypto whales accumulated this week. On-chain data from Nansen shows a 25% increase in holdings among high-value wallets holding more than $1 million worth of $LINK.
This surge in whale activity suggests growing confidence in the token’s near-term prospects. If accumulation persists, $LINK could rally toward $26.89.
On the other hand, if demand weakens and whales begin reducing exposure, the token risks sliding to around $23.48.
Cardano ($ADA)
Layer-1 (L1) coin $ADA has also noted strategic accumulation among crypto whales this week, despite the broader market dip. Per on-chain data, whales that hold between 1 million and 10 million coins have bought 60 million $ADA coins during the week in review.
Although the wider market’s tepid performance has kept $ADA in a range in the past few days, if whale accumulation grows, its price could test the resistance at $0.89 and attempt a break above it.
Conversely, if accumulation falls, the L1’s price could fall to $0.84.
The post Crypto Whales Bought These Altcoins in the Third Week of August 2025 appeared first on BeInCrypto.