Crypto whales are ramping up their accumulation of key altcoins, signaling renewed confidence in the market. Chainlink (LINK), Cronos (CRO), and Toncoin (TON) have all seen increased large-holder activity, potentially setting the stage for notable price movements.
On-chain data from Santiment shows that whale addresses holding 100,000 to 1 million LINK tokens acquired 2.5 million coins this week, worth over $61 million at current prices. LINK is trading around $24.43, and continued accumulation could push it to $26.89, a level last seen on August 23. However, declining demand might trigger a pullback below $23.48.
Cronos has also caught whale attention, with Nansen reporting a 29% jump in large-holder activity over the past seven days. The buying pressure highlights growing confidence in CRO’s potential. Sustained accumulation could lift the token toward $0.27, though fading demand may drive it back to the $0.19 level.
Meanwhile, Toncoin has entered a phase of quiet accumulation. Santiment data indicates whale wallets holding between 1 million and 10 million TON increased their holdings by 5% this week. This growing concentration could spark a breakout toward $3.20 if demand holds strong. On the downside, renewed selling pressure might drag the token to $3.04.
The surge in whale activity underscores how institutional players and high-net-worth investors are positioning themselves ahead of potential market moves. If the buying trend continues, these altcoins could see notable upside in the coming weeks.
