Crypto Whales Bet Big on LINK, CRO, and TON This Week

Crypto Whales Accumulate LINK, CRO, and TON

The crypto market is showing signs of renewed life, with the global crypto market capitalization increasing by 3% in the past week. This uptick hasn't been missed by large investors, who are strategically accumulating specific altcoins.

Chainlink (LINK) Sees Significant Whale Interest

Chainlink's native token, LINK, is attracting considerable whale attention. On-chain data from Santiment reveals that whale addresses holding between 100,000 and 1 million LINK have acquired 2.5 million tokens this week, valued at over $61 million at current prices.

As of writing, LINK is trading at $24.43. Continued accumulation could potentially drive the price towards $26.89, a level last seen on August 23. Conversely, decreased demand could lead to a price reversal below $23.48.

Cronos (CRO) Experiences Surge in Whale Activity

Cronos (CRO) is another altcoin favored by whales, with large-holder activity spiking by 29% over the past seven days, according to Nansen data. This increased accumulation suggests growing confidence in the token among major players.

Sustained buying pressure could propel CRO towards the $0.27 mark. However, weakening demand could see the token sliding back towards $0.19 in the near term.

Toncoin (TON) Attracts Accumulation Amid Consolidation

Toncoin (TON) has seen its price consolidate recently, creating an opportunity for whale accumulation. Santiment data indicates that whale addresses holding between 1 million and 10 million TON tokens have increased their holdings by 5% this week.

If this trend continues, TON could break out of its sideways pattern and rally towards $3.20. A resumption of selloffs, however, could push the price down to $3.04.

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