ADA, LINK, ONDO, and HBAR
- Cardano whales buying more, even as Ethereum whales start selling.
- Chainlink whales accumulated $144M in LINK, signaling bullish price action.
- Ondo Finance up 27%, with whale wallets growing sharply this week.
The cryptocurrency market has slipped into the red zone as investors await the upcoming U.S. Federal Reserve meeting scheduled for July 30. While Bitcoin is trying to hold steady near its recent all-time highs, several altcoins like ADA, BNB, DOGE, and HYPE have dropped by around 3%.
Still, whales are showing strong interest in some altcoins. AltcoinBuzz has listed four coins that are currently being closely watched by these large holders.
Altcoin 1: Cardano (ADA)
While Ethereum was expected to be the star, new data shows that top Ethereum holders are actually selling, while top Cardano holders are buying more.
Onchain Movement Shows a Divergence Between ETH and ADA!
The Top 100 Ethereum addresses have been consistently reducing their holdings. Since May, their share of the total supply has dropped from 22% to 19.6%, representing a massive 2.9 million ETH decrease!
Meanwhile, the… https://t.co/ZIWnYjsNvL pic.twitter.com/TCBQfPk8bk
— Joao Wedso…
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