The Crypto market has declined nearly 6.9% over the past 24 hours, with its total market capitalization falling from $3.98 trillion to around $3.77 trillion.
This looks like a standard cooldown, but some altcoins are attracting the attention of serious crypto whale
Is this just a market pullback or is it deeper?
Crypto’s total market capitalization suffered a significant hit, revised from the recent $3.94 trillion. Now it sits just above $3.75 trillion in key support. Below this could indicate an expanded negative side risk.
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Meanwhile, Bitcoin Spot ETF flows have totaled over $285 million in the past three days to reverse consecutive outflows from strong inflows. As BTC controls 60% of its total market capitalization, this shift is important and could promote wider debilitating.
Still, this looks like a short-term pullback. A similar pattern has been seen before, but in the latest early July, the total chart moved within range for some time.
The structure has yet to show panic sales, and while Bitcoin is stagnating, the whales are spinning into the next altcoin.
Graphite Protocol (GP)
The Graphite Protocol is a Solana-based utility token. In the last 24 hours, the wallets of the GP-holding whales jumped 8.19% and currently hold 9.55 million tokens. At the current market price of $4.76 per token, the whale’s purchase value is $3.44 million.
Crypto whales are focusing on the Graphite Protocol (GP) and have deposited their banks into the strength of Solana during this Altcoin spin.
The top 100 owners increased their shares to 51.99 million GP (0.91% increase), while Exchange Reserves fell 22.09%. Clear signs of accumulation. Prices also spiked almost a day, against the wider market dip.
bonk (bonk)
Bonk (Bonk), a meme token native to the Solana Ecosystem, attracted the attention of crypto whale during this market dip. Over the past 24 hours, the whale’s wallet holding Bonk has risen by 2.56%, bringing its total to 2.22 trillion tokens.
In other words, the whales added about 55.43 billion bonks per day. The current price is $0.00033, and the total accumulation of this new whale is approximately $18.55 million.
Additionally, the top 100 addresses have been tweaked slightly by 0.1%, while smart money wallets have skyrocketed by 7.57%. Meanwhile, the Exchange balance slips 0.52%, suggesting that some supply is moving from the centralized platform. This is often a bullish signal.
Despite the flattening prices on Bonk, this accumulation indicates that the chatter, especially during the AltS season, could be heated, and that whales could be located early due to the revival of Solanamemme Coin.
Pop Cat (Pop Cat)
Popcat (Popcat) is another Solana-based meme token that was on fire with traders, and Crypto Whale is clearly watching. Over the past 24 hours, the whale’s wallet holding Popcat has jumped 1.96%, pushing its total stock to 82.4 million tokens.
This adds around 1.58 million pop cats in a day. The current price is $0.37, and this new whale chunk is worth around $585,000. What’s interesting is that pop cat tokens have been fixed at over 17% per day, reducing the whale-driven phenomenon.
Popcat’s presence in the whale wallet could have been tied to a sharp price range earlier this month, leading the Solanamem Coincycle. Once Altcoin’s appetite is restored, the whale can maintain another leg.
Honorary mention: Is Crypto Whale Love Spark (SPK)?
Spark (SPK) is a native token for the Spark protocol. Over the past 30 days, SPK has jumped to 3.59 million tokens with a 202% increase in whale holdings. The current price is $0.13, which brings the total whale stock to $466,700. Following SPK prices, there has been a surge of over 24% over the past 24 hours.
Nansen Chart shows that smart money has increased by 248% and exchange balances have fallen by nearly 30%, suggesting that whales are accumulating exchanges.
The growing appeal of SPKs can come from Defi Governance use cases, connections to real-world asset deployments, and the growing multi-chain footprint. This is not just another meme coin play. Crypto whales may be treating the SPK as a long-term bet on their Defi infrastructure.
The crypto whale buying trends show that Solana’s ecosystem and defi are now gaining all the love.
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