Crypto Market Update

The crypto market took a hit last week, but whales have since seized a buying opportunity. When Bitcoin dipped below $80,000, altcoins like Ethereum, Solana, XRP, Cardano, Dogecoin, and Shiba Inu also experienced declines, prompting large investors, known as “crypto whales,” to purchase altcoins. Three particular cryptocurrencies have garnered their attention:

Solana: Beyond Robinhood?

Solana’s DeFi trading volume has surpassed that of Robinhood, indicating a significant shift towards on-chain trading.
>🚨 TODAY: Alameda Research unlocked $23M in $SOL to 38 new addresses, which combined hold nearly $178M in Solana tokens.
>
>FTX’s reimbursement process has also commenced, with $SOL worth $1.5 Billion unlocked.
>— CryptosRus (@CryptosR_Us) March 13, 2025
Solana is currently hovering around a critical support level of $125-$135. If the market turns bullish, SOL may run towards $138. Many whales are optimistic about Solana’s long-term potential due to its strong fundamentals and use cases.

Related: Meme Coin Mania Fades as Investors Seek Crypto with Substance

Hyperliquid: Whales Hold Strong

Hyperliquid, a newer decentralized exchange (DEX), shows high volume and steady growth. Despite experiencing significant sell-offs like other altcoins, whales are maintaining their investments, ensuring Hyperliquid’s long-term stability.
>The market is drowning in blood, but @HyperliquidX fundamentals remain unshaken.
>Volumes are steady, revenue stays high, and AF continues absorbing more tokens daily. The best strategy? No leverage. No unnecessary risks. Just accumulate, stake, and wait.
>— Holosas (@Holosas_) March 11, 2025
With more whales holding large amounts of Hyperliquid, a price surge could be imminent once the market stabilizes. HYPE has gained 12% in the last 24 hours and aims to break the $15 mark.

Related: Ethereum’s Price is Up, But This Analyst Still Sees Trouble Ahead

Chainlink: The Whale Favorite

Chainlink experienced a mild rebound after a price drop, bouncing from $13.18 to $15.25, and is attracting noteworthy whale interest. According to crypto analytics firm Santiment, Chainlink’s whales continue accumulating more tokens. The top five holders now own nearly 18% of the total supply.
>🔗🐳 Chainlink has achieved a mild rebound ahead of other altcoins. Following a market-wide plummet that saw the coin fall to $13.18, it rebounded to $15.25, now experiencing high volume and volatility.
>— Santiment (@santimentfeed) March 5, 2025
With growing interest in DeFi and smart contract platforms, Chainlink remains a top pick for institutional investors. The steady accumulation by whales indicates its potential for further growth. Simply put, the smart money consistently bets on Chainlink.

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