Ahead of the Fed's July interest rate announcement... What coins are whales buying?

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The Federal Reserve of the United States will hold a meeting from July 29 to 30 (local time). However, there seems to be no interest rate cut.

Inflation remains high, and employment shows strength. For this reason, the Fed is likely to maintain interest rates for the time being. However, September may create a different atmosphere.

Crypto whales are already moving in anticipation of future interest rate cuts. Whales are not just buying Bitcoin or Ethereum. They are investing in Real World Asset Tokens (RWA) and DeFi infrastructure. Let's find out what they are buying and why.

ONDO

ONDO represents the real yield of tokens backed by US Treasury bonds. For this reason, it is being chosen as a means to prepare for monetary policy changes.

Over the past 24 hours, ONDO showed a +20.45% increase in crypto whale holdings, while exchange balance decreased by -0.03%. This is a subtle but important signal. Crypto whales are buying despite a 4% price drop over the past 7 days, while individual investors are selling.

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Crypto whales buying ONDO
Crypto whales buying ONDO: Nansen

Why are whales buying in a bearish market?

ONDO becomes a natural 'buy-stop' strategy. When interest rates fall, the attractiveness of traditional financial assets decreases, and tokenized alternatives like ONDO gain an advantage.

The distribution score is 4, with top wallets maintaining most of the supply, and currently, there is almost no accumulation by individual investors. The price has not yet surged, but this slow and quiet positioning suggests potential future appreciation.


Curve DAO (CRV)

Curve's token CRV showed a +3.09% crypto whale accumulation over the past 7 days, with the price rising +11.2% during the same period.

Crypto whales continue to hold CRV. Exchange balance decreased by -0.5%, and the distribution score shows a healthy distribution, indicating continued demand from long-term holders.

CRV sees major whale attention
CRV is receiving major whale attention: Nansen

Curve supports stablecoin exchange and is often considered the core blockchain of DeFi.

Whales are likely viewing CRV as a positioning strategy for when DeFi reactivates.

Especially if interest rates fall in September. Until then, it is being chosen as a relatively stable hedging tool supported by whales.


Blockstreet (BLOCK)

Block showed a significant +13.44% increase in whale holdings in just 24 hours, with the token price rising over 63% in the past 7 days.

Whales and top wallet holders are adding positions, and smart money appears to have realized initial profits. However, the sharp increase in distribution score and top 100 wallet activity shows strong capital entry.

BLOCK gets crypto whale love
BLOCK is receiving whale love: Nansen

Blockstreet is building a regulation-first DeFi platform linked to stablecoins.

Whales are choosing this token as an option considering regulation and real-world utility. The -0.73% decrease in exchange balance shows this is not a massive exit by individual investors. Rather, it could be a mid-stage accumulation, and more appreciation could occur if individual investor sentiment shifts.


KITA (KTA)

KTA, a Layer 1 blockchain focusing on Real World Asset Tokens (RWA), is attracting whale attention.

Crypto whale holdings increased by 5.31% last week. Meanwhile, exchange balance decreased by 3.8%. This suggests quiet accumulation as traders withdraw tokens from exchanges. While public holdings decreased, top wallet and smart money indicators rose.

Crypto whales are accumulating KTA: Nansen

The price rose 44.6% over the past 7 days. This suggests some smart capital is already positioning for September. With a distribution score of 23, ownership is balanced, indicating potential price stability during volatile periods.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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