Whales Accumulate WLFI, PEPE, POL Despite Market Dip
Whales Accumulate WLFI, PEPE, POL Despite Market Dip
Large crypto investors—often called whales—have been quietly accumulating altcoins even as broader markets dipped in late September. On-chain data shows that whales collectively added 26.7 million WLFI tokens, increased their holdings of PEPE by 1.36%, and bought roughly 220,000 POL tokens.
This activity came as Bitcoin dropped below $110,000 and traders turned cautious. Analysts say whales often buy during downturns, positioning themselves for the next rebound. The choice of tokens—meme favorite PEPE, governance token POL, and DeFi-focused WLFI—suggests a mix of speculative and strategic plays.
For regular investors, whale activity is both a signal and a caution. On one hand, it can indicate confidence in future price growth. On the other, it highlights the asymmetric power of large holders, who can move markets faster than retail participants. As volatility continues, whale behavior will remain a key metric to watch.