Crypto whales have returned to buying. After news of the US CPI cooling, large investors have begun to increase their risk appetite rather than reduce it. Decreasing inflation, weaker labor market data, and increasing expectations of rate cuts are gradually changing how capital flows are allocated. These buying activities are not focused on a specific theme.
Whales are increasing their investments in various sectors such as DeFi, politically related tokens, and major meme coins. This diversification is crucial, as it indicates that this is not a single trade but an early move in preparation for a larger market sentiment change, even as prices remain within a narrow range.
Curve DAO Token (CRV)
Crypto whales have bought Curve DAO tokens even though the overall market is still struggling to define the trend. CRV has decreased by about 20% in the past month, but the actions of the whales indicate they view this weakness as an opportunity rather than a warning sign.
In the past 24 hours, whales have increased their CRV holdings by 8.56%, raising the total to 3.96 million tokens. This means that about 312,000 CRV were purchased in one day. This amount is not too large, but the timing is very noteworthy. Whales have entered when market sentiment is still fragile, after the US CPI index slightly decreased and the outlook for long-term rate cuts became more positive.
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In terms of price, the CRV token still appears quite weak on the surface. From early November to mid-December, CRV's price continuously created lower lows. But momentum tells a different story. The RSI (Relative Strength Index) – which measures buying and selling strength – has created higher lows during the same time frame. This divergence often warns that selling pressure is decreasing and a trend reversal may be imminent.
To confirm a reversal, CRV needs to regain the 0.38 USD mark, with 0.41 USD being the main resistance level that has blocked the increases since early December.
If the price clearly breaks above resistance, the trend reversal will be reinforced. Conversely, if CRV falls below 0.33 USD, the pattern will weaken, and the whales' accumulation may also pause.
Official Trump (TRUMP)
The official Trump token has returned to the radar of whales after news of the slight decrease in the US CPI helped ease pressure on risk assets. The TRUMP token has still decreased by nearly 40% in the past three months, but this has attracted early accumulation positions. As inflation decreases and expectations of Fed rate cuts return, politically themed tokens are also being revisited.
Just in the past 24 hours, crypto whales have purchased an additional 17.97% of TRUMP, equivalent to more than 680,000 tokens. At the current price, this additional amount is valued at around 3.5 million USD. This action is not a strong chase buy, but rather resembles gradual accumulation while sentiment remains cautious.
The chart helps explain the reason. The Smart Money Index, which tracks the movements of experienced traders, has started to rise after a decline since 09/12/2023. This indicates that informed investors are preparing for a rebound, rather than reacting to the established trend.
The price area remains crucial. TRUMP needs to hold above 4.96 USD for the recovery structure to remain valid. If it breaks above 6.05 USD – resistance that has blocked the upward momentum since late November 2023, the upward momentum could strengthen. However, if it closes the day below 4.96 USD, the whales' accumulation argument will weaken, and the risk of a downward move will reopen.
Currently, crypto whales seem to be betting that decreasing inflation and increasing capital flow in political narratives will allow the TRUMP token to balance again before the overall market reacts more strongly.
Dogecoin (DOGE)
Dogecoin is the biggest name on this list according to market capitalization data. In the past 24 hours, medium-sized whales holding between 10 million and 100 million DOGE have increased their total DOGE holdings from 17.38 billion to 17.40 billion DOGE. This means they have accumulated about 20 million DOGE.
At the current price, this amount is equivalent to nearly 2.6 million USD. Although the value is not too large, the timing is very noteworthy. These wallets had previously been continuously reducing their positions, so the buying action immediately after the US CPI data was released may carry a certain significance.
Whales may be reacting to signals of an early technical bottom formation. From 04/11 to 18/12, Dogecoin's price created lower lows, but the RSI indicator signaled higher lows. This bullish divergence often indicates that selling pressure is gradually diminishing. Dogecoin has increased by about 2–3% in the past 24 hours, indicating that buyers are probing the market.
The important price levels are quite clear. The 0.13 USD level is the first resistance area and has prevented recent recoveries. If the price closes above the daily frame exceeding 0.15 USD, the recovery trend will be confirmed. This increase corresponds to about 19% from the current level and may open up higher targets.
Risks remain. If the price falls below 0.12 USD, the recovery idea will be invalidated and Dogecoin may drop deeper. At this time, crypto whales are cautiously buying Dogecoin, betting that easing macro pressure will help meme coins like Dogecoin attract retail investors again.
