BNB, DOGE and TON attract heavy whale buying | Credit: Hameem Sarwar
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Key Takeaways
Whales with over 10,000 BNB are stacking aggressively after July’s all-time high of $859.56.
Large holders added over 2 billion DOGE, worth $400 million, during the recent price dip.
Toncoin has seen a spike in large-holder net inflows, signaling substantial whale accumulation.
Historically, heavy whale accumulation marks the calm before aggressive price moves. While retail traders weigh their next move, deep-pocketed investors are already placing their bets.
Several major altcoins are seeing sharp spikes in whale accumulation, signaling growing conviction from the market’s most prominent players.
In this analysis, CCN highlights three altcoins that whales are actively buying.
We also break down how this accumulation could affect their prices.
BNB
It’s no surprise to see BNB among the top altcoins that whales are buying. Last month, it was one of the few cryptos to set a new all-time high, rallying to $859.56.
In August, whales appear to be betting on a repeat performance despite BNB’s recent pullback. On-chain data from Glassnode shows a sharp increase in addresses holding at least 10,000 BNB in the past few days.
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This accumulation pattern suggests whales see upside potential ahead, possibly positioning for another breakout if market conditions turn bullish.
Should whales continue to purchase more BNB, the coin will likely recover from its recent decline below $800.
However, it is essential to note that if these key stakeholders decide to stop accumulating more coins, this prediction might not happen. In that scenario, BNB’s price might undergo a correction.
Rounding out the list of altcoins whales are buying is Toncoin, the crypto tied to the Telegram social messaging platform.
At press time, TON trades near $3.41. Earlier this month, it unsuccessfully attempted to reach $4, but momentum may be shifting.
On-chain data from IntoTheBlock shows a notable increase in TON large holder netflow over the past several days—meaning whales are accumulating more TON than they’re selling.
This inflow trend signals growing confidence among deep-pocketed investors that TON could break higher.
If this accumulation continues and selling pressure stays contained, TON’s market value could climb significantly in August, potentially making another run at the $4 level — and beyond.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
