The crypto market has been buzzing this week as trading activity surged, leading to a 2% increase in the global cryptocurrency market cap in the last seven days.

In the midst of this uptrend, crypto whales have been making significant moves by accumulating specific altcoins such as Maker (MKR), Lido (LDO), and ApeCoin (APE).

Maker (MKR)

The DeFi token MKR has witnessed a surge in whale activity recently. Whale addresses holding between 100,000 and 1,000,000 MKR tokens have been actively accumulating, with a noticeable rise in their holdings.

According to data from Santiment, these investors have amassed 65,000 MKR tokens worth over $92 million in the past week, bringing their total holdings to 214,000 MKR, the highest since April 2023. This accumulation has propelled MKR's price up by 41% to $1,436, with potential for further gains to reach $1,780.

Lido (LDO)

The governance token of the liquid staking protocol Lido, LDO, is another altcoin catching the attention of whales this week. Analyzing data from IntoTheBlock reveals an 184% increase in large holders' netflow during this period.

When large holders' netflow rises significantly, it indicates increased accumulation by major investors, leading to potential price upticks. Currently trading at $1.83, continuous whale accumulation could drive LDO's price above $2 in the near future.

ApeCoin (APE)

Whales have also set their sights on ApeCoin's utility token APE, which has experienced a 9% price increase to $0.740 in the last 24 hours.

Whale addresses holding between 1 million and 10 million APE tokens have collectively acquired 2.93 million APE during this time frame, holding a substantial portion of the circulating supply. This notable activity suggests strong confidence and strategic positioning, potentially pushing APE's price towards $0.92 with increasing demand.

With whales actively accumulating these altcoins, the market is ablaze with anticipation for further price movements and potential rallies in the near future.