This week, the crypto market has experienced a significant rebound, driven by a surge in bullish momentum.
Bitcoin leads the charge by notching a new all-time high just yesterday and reigniting optimism across the broader market. As is often the case, Bitcoin’s rally since the start of the week has dragged other assets up, prompting large holders to make strategic moves in select altcoins.
Toncoin (TON)
Telegram-linked TON is one of the assets crypto whales bought this week. This is highlighted by its large holders’ netflow, which is up nearly 320% over the past seven days.
The large holders’ netflow measures the difference between the amount of tokens that whales buy and sell over a specified period.
When an asset’s large holders’ netflow sees a positive spike, wallets holding more than 1% of the asset’s circulating supply are accumulating more coins. This signals growing confidence among these key holders and hints at a sustained price rally if they maintain demand.
Trading at $2.93 at press time, TON is up 5% over the past week. If whale accumulation persists, the altcoin could rally above $3 and attempt to stabilize above that price point.
On the other hand, if demand leans, TON could shed recent gains and fall to $2.71.
Shiba Inu (SHIB)
The resurgence in the broader crypto market has spilled over into the meme coin ecosystem, with the sector’s market cap soaring by 25% over the past week.
This rally has reignited large investor interest, and they have gradually increased their exposure to the top meme coin SHIB.
On-chain data reveals that large wallets holding between 10,000 and 1 million tokens have collectively acquired 340 million SHIB in the past week. This group now holds 145.06 billion SHIB, marking their highest recorded balance and signaling growing conviction among significant investors.
SHIB has jumped 15% over the same period and is currently trading at $0.0000132. Should bullish momentum persist, the token could extend its climb to $0.0000146 in the near term.
However, sellers could push the meme coin’s price down to $0.0000137 if they re-emerge.
Optimism (OP)
Layer-2 (L2) coin OP is another altcoin that crypto whales bought this week. Per IntoTheBlock, the token’s historical concentration in whale wallets has risen by 1% in the past week. At press time, these wallets hold 2.61 billion OP, representing 61% of the coin’s circulating supply.
This growing concentration shows the rising whale confidence in OP’s long-term value, particularly as institutional demand for ETH rockets as well.
OP has climbed 23% in the last week and trades at $0.67 at press time. If accumulation continues, further upside may push it above $0.69.
Converesly, if the bears regain control, they could push OP’s price down to $0.54.
The post Crypto Whales Bought These Altcoins in the Second Week of July 2025 appeared first on BeInCrypto.
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Abiodun Oladokun
https://beincrypto.com/crypto-whales-ton-shib-op-july/
2025-07-11 15:00:00
