3 altcoins bought by whales after the announcement of the Project Crypto initiative

The Crypto Project initiative by the SEC was announced yesterday and has immediately created a震荡wave in the market. This initiative promises to bring the US capital market on-chain, through transactions on a regulated blockchain platform, custody and tokenized securities.

While the overall market is plummeting — down 7.2% in just one day since the announcement, whales are quietly accumulating, primarily altcoins that could become essential infrastructure for this new financial era. Data reveals three names that are being heavily watched by whales: LINK, CPOOL, and UNI.

Clearpool (CPOOL)

Clearpool is a DeFi credit market focused on lending tokenized real-world assets (RWA). In just the past 24 hours, whales have increased their holdings of CPOOL by 1.84%, despite the price dropping by 10.6% during the day.

The chart below shows that the token balance on exchanges remains stable at 317 million tokens, indicating no significant selling pressure from centralized platforms. The top 100 wallets hold 49% of the total supply, reflecting a fairly decentralized distribution.

altcoinWhales are buying CPOOL | Source: NansenThis buying move may be related to the Crypto Project's clear mention of on-chain credit markets and tokenized securities — which could greatly benefit protocols like Clearpool that connect traditional borrowers with lenders on the blockchain. If new regulations from the SEC provide clarity on the issuance of tokenized bonds and credit pools, CPOOL could play a central role in the infrastructure for legal on-chain lending.

The active purchase of tokens by whales during price corrections does not seem to be a coincidence. With retail investors, the strong accumulation by whales along with low capital inflow to the platform indicates that large investors are quietly entering positions early, preparing for the possibility of being given the green light legally.

Uniswap (UNI)

As a leading decentralized exchange, Uniswap is seen as a direct beneficiary of Project Crypto's direction towards building on-chain trading platforms with oversight. Over the past 7 days, the amount of UNI held by whales has increased by 7.26%, even as the price of UNI dropped by 9.7% during the same period.

After the accumulation process, the amount of UNI held by whales has reached 6.09 million tokens, equivalent to about 56.76 million dollars at the current price. Although the Crypto Project was only announced a day ago, the accumulation momentum of UNI over the week indicates that positions have been established early.

altcoinUNI is the preferred choice of whales | Source: NansenThe balance of UNI on exchanges has decreased by 0.14%, indicating that many tokens are being withdrawn to self-custody wallets (self-custody) — a signal reflecting long-term confidence.

The allocation point is 15, reflecting that ownership concentration is still high but improving, meaning that ownership is trending to spread over time. If trading securities in the US is moved on-chain, the infrastructure of Uniswap could become the central market for tokenized stocks and bonds. This is precisely why it attracts whales to accumulate despite declining prices.

For retail traders, the active accumulation of UNI by whales and the decrease in supply on the exchange could be a sign that the price will bounce back as the overall market sentiment recovers.

Chainlink (LINK)

The role of Chainlink in providing reliable price data and payments makes it an indispensable part of any managed blockchain securities ecosystem. In the past 30 days, whales have accumulated an additional 13.54% LINK, while the token price has dropped by 6.2% over the week, creating attractive entry points for long-term investment.

The 13.54% increase in the amount of LINK held by whales is equivalent to approximately 462,702 LINK, worth about 7.69 million dollars.

altcoinLINK has attracted the attention of whales throughout the month | Source: NansenThe chart shows that the LINK balance on exchanges has decreased by 1.84%, meaning fewer tokens are available for immediate sale — a sign of reduced selling pressure. Additionally, the allocation score is 13, reflecting an improvement in the level of distribution among large holders.

The success of the Crypto Project will depend on accurate and verifiable price oracles — an area where Chainlink is currently leading. This factor could make LINK one of the most strategically positioned altcoins in the market.

Minh Anh

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)