Crypto Whales Dive Deep into Altcoins: A Tale of TON, SHIB, and OP

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In a world where the only constant is change, the crypto market has once again found its footing, much to the delight of those who have been waiting for a sign from the heavens—or at least from the charts. 📈

Bitcoin, the grand old duke of digital currencies, has once more ascended to new heights, a feat that has not only lifted the spirits of the crypto community but also dragged a host of lesser-known tokens along for the ride. As the week progressed, the crypto whales, those enigmatic and often inscrutable titans of the market, began to make their moves, strategically accumulating select altcoins. 🐳

Toncoin (TON)

Among the chosen few is Toncoin (TON), the token with a mysterious link to the once and future king of messaging, Telegram. The netflow of TON, a metric that measures the difference between the tokens bought and sold by large holders, has surged by a staggering 320% over the past week. 🚀

When the netflow of an asset spikes positively, it’s a clear sign that the big players are buying in, often a harbinger of good things to come. At the time of writing, TON is trading at $2.93, up 5% over the past week. If the whales continue to accumulate, TON could break the $3 barrier and perhaps even settle comfortably above it. However, if the demand wanes, TON might find itself back at $2.71, a fate that would no doubt be met with a collective sigh of disappointment. 😔

Shiba Inu (SHIB)

The crypto market’s resurgence has not been limited to the more serious tokens; the meme coin ecosystem has also seen a significant uptick, with the sector’s market cap soaring by 25% over the past week. This rally has rekindled the interest of large investors, who have been gradually increasing their exposure to the top meme coin, Shiba Inu (SHIB). 🐶

On-chain data reveals that large wallets holding between 10,000 and 1 million SHIB have collectively acquired 340 million SHIB in the past week. This group now holds a staggering 145.06 billion SHIB, their highest recorded balance, a clear sign of growing confidence among these significant investors. SHIB has jumped 15% over the same period and is currently trading at $0.0000132. If the bullish momentum continues, the token could climb to $0.0000146. However, if the bears decide to make a comeback, SHIB could fall to $0.0000137. 🐻

Optimism (OP)

Layer-2 (L2) coin Optimism (OP) is another altcoin that has caught the eye of the crypto whales. According to IntoTheBlock, the token’s historical concentration in whale wallets has risen by 1% in the past week. At press time, these wallets hold 2.61 billion OP, representing 61% of the coin’s circulating supply. This growing concentration is a clear indication of the whales’ confidence in OP’s long-term value, especially as institutional demand for ETH continues to soar. 🌠

OP has climbed 23% in the last week and is currently trading at $0.67. If the accumulation continues, further upside could push it above $0.69. However, if the bears regain control, they could push OP’s price down to $0.54. 📉

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2025-07-11 18:06