The post Top Altcoins Crypto Whales Are Buying Amid Market Crash appeared first on Coinpedia Fintech News
Over the past weekend, the crypto market experienced a massive crash, with some altcoins plunging by as much as 80% within minutes. While retail investors panic-sold their holdings, crypto whales, often referred to as “smart money,” remained calm and capitalized on the chaos.
According to Altcoin Buzz, tracking whale activity in the crypto market can provide valuable insights into which altcoins are likely to rebound first after a crash.
XRP
Ripple’s XRP token saw extreme volatility, dropping sharply from $2.83 to $1.77 before partially recovering to around $2.59. Analysts noted that whales purchased over 1.04 billion XRP, worth approximately $2.54 billion, mainly through over-the-counter (OTC) deals.
These large transactions occurred off-exchange, preventing sudden sell pressure and helping stabilize the price. This XRP whale accumulation indicates strong whale confidence in Ripple’s ecosystem, demonstrating how smart money can create a safety net during sharp market downturns.
Meanwhile, lawyer and XRP advocate Bill Morgan commented on recent whale movements after analyst Ali reported that whales offloaded about 2.23 billion XRP since Friday. This highlights significant whale redistribution activity amid ongoing crypto market volatility.
Ethereum
Ethereum (ETH) wasn’t spared from the weekend turmoil, falling from $4,350 to $3,700 within just 12 hours, a 13.7% drop. However, Ethereum whales acted swiftly, transferring tens of thousands of ETH from exchanges to private wallets, signaling long-term holding intentions.
Reports also indicate hundreds of millions of dollars in OTC ETH purchases, contributing to Ethereum’s rapid rebound above $4,100. Despite some minor sell-offs by large holders, the overall whale activity around Ethereum was largely positive, showing confidence in ETH’s long-term outlook.
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Interestingly, Lookonchain data revealed that hackers panic-sold 8,638 ETH worth $32.5 million during the crash at around $3,764, losing nearly $5.5 million. When prices rebounded, they repurchased 7,816 ETH at $4,159, essentially buying back higher after selling low — a costly mistake that underscores the advantage of patience during volatile markets.
Chainlink
Chainlink (LINK) also attracted strong whale interest during the downturn. Wallets holding more than 100,000 LINK increased their balances by roughly 22%, accumulating an estimated 760 million LINK valued between $13–16 million.
This whale accumulation in Chainlink occurred even as 18.75 million LINK tokens were unlocked, which temporarily added selling pressure. By accumulating LINK during the dip, whales helped reduce volatility and support price stabilization, signaling long-term faith in Chainlink’s ecosystem and oracle infrastructure.
Uniswap
Uniswap (UNI) whales made smaller but still impactful purchases, buying about 660,000 UNI worth nearly $4 million. Despite UNI’s 33% drop in the past month and a brief dip below $2, these strategic whale purchases helped the token rebound by 12% within 24 hours.
Analysts emphasize that even modest whale buying activity in Uniswap can influence market sentiment and boost recovery potential, especially when retail sentiment remains bearish.
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FAQs
Major whale accumulation was seen in XRP, Ethereum, and Chainlink (LINK). These large investors are targeting established projects, signaling a belief in a strong rebound for these specific altcoins.
Whale buying creates stability and can drive recovery. Their large purchases reduce sell pressure, boost market sentiment, and often indicate which assets are poised to rebound first.
