Crypto whales, have been accumulating select altcoins despite the recent market downturn.
Based on on-chain data, such intentional buying is an unmistakable indication of growing confidence in long-term potential for some digital assets, even as short-term price volatility shows no signs of letting up.
Strategic Accumulation by Whales
Recent reports indicate that whales have been targeting many high-potential altcoins:
- Movement (MOVE): The layer-2 Ethereum protocol Movement has seen increased whale activity. Reports indicate that World Liberty Financial acquired approximately $1.85 million worth of MOVE in late January 2025. This accumulation has increased investor confidence and inspired further buying from large holders.
- Lido DAO (LDO): LDO, the governance token of the Lido decentralized autonomous organization, also remains whales favorite. This is driven by speculation on the potential approval of Ethereum staking in America, which could make Lido a major player in the staking space.
- Dogecoin (DOGE): Dogecoin, which was initially a meme coin, remains whale tareget. Recent blockchain data show that whales have added around 560 million DOGE in the past week, which shows long-term faith in the token’s future performance.
Cathie Wood’s Bitcoin Projections
ARK Invest CEO Cathie Wood remains bullish about Bitcoin andits long-term potential. Wood has projected that Bitcoin could reach between $1 million and $1.5 million by 2030, depending on adoption and market conditions.
Wood’s prediction is based on Bitcoin’s decentralized nature, its potential role as an inflation hedge, and growing institutional interest. Major financial institutions continue to explore Bitcoin-related financial products, including spot ETFs, which could drive additional demand.
Market Outlook Despite Uncertainty
The current market decline has raised uncertainty among retail investors, but whale accumulation and Wood’s optimistic view suggest that institutional and long-term investorssee the recent market downturn as a buying opportunity.
The strategic accumulation of altcoins by whales reflects a wider long-term confidence in the cryptocurrency market’s growth potential.
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