Amid the cosmic crash of the crypto market, the whales have been spotted munching on FET, LINK, and WLD. π³ Despite the broader altcoin market cap taking a nosedive from $333 billion on January 19 to $245 billion, these strategic investors are still finding value in the digital sea.
The surge in large addresses holding these tokens suggests that major players see a glimmer of hope in the current prices. This pattern of accumulation across FET, LINK, and WLD might just be the early signs of a potential recovery. Or it could be a massive prank. Who knows? π€·ββοΈ
Artificial Superintelligence Alliance (FET)
FET, the token of choice for those who believe machines will one day rule the world, is currently undergoing a significant correction. It’s down 40% in the last 30 days, with its market cap now at a mere $1.58 billion. This is a far cry from the $5 billion it reached in December 2024, a drop that could make you question the intelligence of the artificial superintelligence. π€
Adding to the drama, FET has dropped over 9% in the last seven days, coinciding with a noticeable increase in accumulation among FET whales. It’s like they’re saying, “If it’s on sale, buy more!” ποΈ
Despite the ongoing correction, this accumulation suggests that whales may be taking advantage of the lower prices, potentially positioning themselves for a future rebound. Or they might just be hoarding for the apocalypse. Either way, it’s a win-win. π
The number of addresses holding between 100,000 and 1,000,000 FET has increased from 394 on February 18 to 403 on February 25, its highest level since January 31. This could be the buying support needed to stabilize FETβs price and eventually trigger a reversal. Or it could just be a temporary blip. Who can say? π€
Chainlink (LINK)
Chainlink, the token that promises to link the real world to the blockchain, has faced significant corrections recently. Its value has dropped more than 13% over the past week, pushing it out of the top 10 cryptos by market cap. Its total value is now below $10 billion, a stark reminder that even the best-laid plans can go awry. π
The pressure on Chainlink’s price has been relentless, staying under $24 for nearly a month. It’s like the market is saying, “You can’t hide from the bearish trend.” π»
Despite this downward momentum, potential signs of recovery are emerging. The number of LINK whales β addresses holding between 100,000 and 1,000,000 LINK β decreased from 577 on February 4 to 566 on February 23, but surged to 578 on February 25 as whales bought LINK. It’s like they’re saying, “The lower it goes, the more we buy!” π
If this whale accumulation continues, it might provide the upward pressure needed to break Chainlink’s price above the $24 resistance level that has capped its performance for weeks. Or it could just be a temporary spike. Who can predict the whims of the market? π€·ββοΈ
Worldcoin (WLD)
Worldcoin, the token that promises to bring financial inclusion to the world, has experienced a severe market correction over the past month. Its price has plummeted more than 41%, with its market capitalization now at $1.17 billion. This is a significant drop from its peak of nearly $3 billion in December 2024, a reminder that even the most ambitious projects can face setbacks. π
Despite this sharp price decline, whale behavior suggests a potential shift in market sentiment. The number of Worldcoin whales remained relatively stable throughout most of the month, fluctuating narrowly between 170 and 166, but a notable change occurred on February 16 when large holders began accumulating WLD again. It’s like they’re saying, “The lower it goes, the more we buy!” ποΈ
The number of addresses holding between 1,000,000 and 10,000,000 WLD has now increased to 173 β reaching its highest level since December 29, 2024. This renewed accumulation by major investors could signal that whales view the current price levels as an attractive entry point, potentially anticipating a recovery. Or they might just be preparing for the next crash. Who can say? π€·ββοΈ
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2025-02-27 03:44