Whales were seen stocking up on FET, LINK, and WLD amidst significant price dips in the cryptocurrency market. Despite the decline in the broader altcoin market cap from $333 billion to $245 billion, strategic accumulation of these altcoins seems to be underway.
Notable growth in the number of large addresses holding these tokens indicates that major investors are finding value at the current prices. This accumulation trend across FET, LINK, and WLD may suggest positioning for a possible future recovery.
Artificial Superintelligence Alliance (FET)
FET is currently undergoing a substantial correction, having dropped by 40% in the past month, with its market cap now at $1.58 billion. This signifies a sharp decline from its peak of over $5 billion in December 2024, reflecting a loss of momentum not only in FET but also in artificial intelligence cryptos overall.
Despite the ongoing correction, the increase in accumulation by FET whales indicates a potential bullish sentiment as they take advantage of lower prices, possibly preparing for a rebound.
Number of Addresses Holding Between 100,000 and 1,000,000 FET has been on the rise, reaching its highest level since January 31, which could suggest a growing confidence among larger holders and hint at a potential turnaround.
Chainlink (LINK)
Chainlink, like other altcoins, has faced significant corrections recently, with its value dropping by over 13% in the past week. This has pushed LINK out of the top 10 cryptos by market cap, with its total value falling below $10 billion.
Despite this downward momentum, signs of potential recovery are emerging, with an increase in the number of LINK whales seen over the last few days. This accumulation by whales could help drive the price above the resistance level of $24 that has held it back for weeks.
Worldcoin (WLD)
Worldcoin has experienced a sharp correction in price over the past month, with its value plummeting by more than 41%. This decline has led to a significant drop in its market capitalization, now standing at $1.17 billion from its peak of nearly $3 billion.
Interestingly, despite the price decline, there are indications of a potential shift in market sentiment among Worldcoin whales, as major investors have started accumulating WLD again. This renewed accumulation could signal optimism among whales, providing hope for a potential recovery in the near future.