Latest Whales News and Insights | Yellow.com

Dogecoin whales have been shaving off their holdings over the past year, on-chain data shows. Usually, it's a bearish sign. But in case of Dogecoin there is a catch. Market intelligence platform IntoTheBlock shared some interesting data. It turns out that DOGE whales have lost supply share to other holder groups recently. Each of the so-called whales carry over 1% of all DOGE circulating supply in their balance. A year ago the whales controlled 45.3% of DOGE. Now they've got only 41.3% at their disposal. Retail and mid-sized investors now hold a larger share of the total supply, analysts explain. As for these definitions, mid-size investors are those having between 0.1% and 1%. Retail investors are the small fish with 0.1% and less. On one hand, the whales’ reduced holdings suggest that big investors have lost interest in Dogecoin. That's a clearly bearish sign. Whales are the most influential users of the token. Their collective behavior might sometimes directly impact the price. On the other hand, the redistribution of the supply to smaller holders could be positive for the health of the DOGE ecosystem. Blockchain is supposed to be decentralized by its nature. Many blockchain purists are angry with the global processes occuring in Bitcoin mining or Ethereum staking. The former is getting occupied by just a couple of large mining companies. The latter is endangered by huge entities, having more than half of ETH staked under their control. So for Dogecoin, becoming less centralized means getting more charm in an old fashioned blockchain way.

Bitcoin whales accumulation reaches 2-year high. At the moment, we have a previously unseen number of wallets holding 10 or more BTC. Whales are one of the most important indicator of whether the market is bullish or bearish. Some negative sentiment in the last weeks could suggest the bullish momentum has vanished. But if we take a look at the whales accumulation, this seems kind of funny. Largest Bitcoin investors keep accumulating as if there were no price volatility. The number of wallets containing 10 or more of the flagship coin has reached a record high. According to blockchain analytics firm Santiment, the number of these significant holdings has peaked at a level not seen since 2022. On-chain data shows that the number of wallets with 10 or more BTC now controls an astounding 82% of supply. This a clear indication that BTC has solid foundational support going forward, which is consistent with the general optimism in the market. There has been a clear correlation between the total market value of Bitcoin and the wallets holding more than 10 BTC, analysts say. Whales accumulation of the flagship coin can be an indication of optimism. And optimism, as we all know, very often leads to additional price growth. It's worth mentioning that some analysts thinks whale movement is overrated and can't be perceived as reliable indicator of market trends. They claim these data is sometimes noisy and essentially act as social media engagement bait.

An unknown whale makes a whopping $3.7 million profit on TRUMP token. He somehow knew when to sell right before the price went down. According to data from Lookonchain, whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours. A total profit on their investment including previous sales was over $3.7 million. Not bad for a current market sell-off amid the scandals around Donald Trump meme coins. Analysts note that the unknown whale still has loads of TRUMP tokens in their wallet. At the time of writing his holdings were worth $372,000. But the mysterious investor has interests far beyond ex-presidents meme coins. He also holds the BasedAI (BASEDAI) token, worth $921,000. The TRUMP token fell over 30% in the last 24 hours to trade at $7.88. One of the reasons Trump-related tokens started falling was the rumor that Trump has launched an official mem coin by himself. According to these rumors the token is run on Solana blockchain. Trump’s 18-year-old son, Barron, was managing the token under the name TrumpCoin (DJT). Be it as it may, there is no credible evidence DJT was actually launched by any of the Trumps. There is no official confirmation from ex-president's team. Well established blockchain data firm Bubblemaps is pretty confident on the information that DJT isn’t linked to Trump directly. As presidential election day is approaching, both candidate fuel more crypto debates on crypto. While Biden stays pretty aggressive towards cryptocurrencies, Trump now claims himself a 'Bitcoin president' and promises bright future for bitcoin miners. Launching an official meme coin might be in line with this statements.

Something strange is happening within Solana ecosystem. A group of whales suddenly transferred a whopping $500 million worth of SOL in just six large transactions. And all that happened within just 24 hours time frame. Whales are the major crypto holders. And their actions a watched closely by analysts and ordinary users. When whales accumulate, it might mean future pump. When they sell it speaks trouble. What happened with Solana yesterday is a bit of a different story. So, there were six large transactions for a substantial amount of SOL worth $500 million. Five of those were transfers between unknown wallets, probably self-custodial. Nothing particularly interesting here. Probably, just a regular asset management. But one transaction stands out. It was a massive transfer of 1.6 million SOL tokens worth around $230 million. The tokens went from an unknown wallet to a Coinbase account. And that is a clear signal of somebody's intent to sell. Solana has been struggling to break the current sluggish price movement. There is a lot of discussions about new revolutionary meme coins based on Solana. Some rumours of Black Rock Solana ETFs are in the air. Major financial institutions are embracing Solana blockchain due to its blazing speed and low transaction costs. Yet, the overall sentiments stay pretty much bearish, analysts note. We will have to wait and see if the market is going to react to that whale who suddenly decided to get rid of such a huge piece of Solana pie.

Whales are bullish for the Ethereum and Shiba Inu prices. Data shows that the largest exchange wallets for ETH and SHIB have seen significant withdrawals recently. That is definitely a bullish sign, analysts say. For example, the on-chain analytics firm Santiment claims that the top 10 exchange wallets on the SHIB and ETH networks have recently seen their supplies go down. Ethereum whale wallets have declined by a whopping 8.6%, while Shiba Inu wallets on crypto exchanges have lost about 2.4% of their value. Those wallets are the biggest currently attached to centralized exchanges. It's fair to suggest that the wallets belong to the so called whales. Simply put, the largest investors on the market. And of course, these wallets are the most influential. Audience keeps focus on them. So any moves, even the slightest ones, can lead to a significant change in the market sentiments. Taking of crypto from exchanges is a clear bullish sign. You keep your crypto on exchanges if you are planning to sell. Or at least you are ready to sell any moment. Long-term holders prefer holding assets on their self-custodial wallets. Once coins go off the exchanges it means sell supply of the token is going down. That's a bullish sign too. So Ethereum and Shiba Inu largest holders are not planning to sell in the near future. That means they are optimistic and, sorry for using the term too much, they are bullish.