Chainlink, XRP, and Ethena lead whale accumulation | Credit: Veronica Cestari
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Key Takeaways
Whales added 5.81 million LINK worth over $140 million, signaling confidence that the token could climb toward $35.
Wallets holding over 10,000 XRP grew to 312,529, showing steady whale accumulation that could push it toward $4.
Whales bought 45.59 million ENA, valued at $28.2 million, positioning for a breakout that could drive the price past $1
As August winds down and September approaches, crypto whales refuse to sit on the sidelines. Instead, they’ve been accumulating select altcoins—tokens that could deliver meaningful returns if the trend continues.
In this analysis, we break down the top three altcoins whales are buying and explore what might happen if accumulation strengthens.
At the same time, we also consider the flip side— what it could mean for the market if distribution takes over.
Chainlink
Chainlink has emerged as one of the top altcoins crypto whales target for potential gains in September 2025. Over the past 30 days, LINK’s price has climbed 30%, yet large holders seem convinced the rally isn’t over.
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On-chain data shows that wallets holding between 100,000 and 1 million LINK have steadily increased their balances. In just the last seven days, their holdings rose from 177 million to 182.81 million LINK. At a trading price of $24.20, this additional 5.81 million LINK translates to roughly $140.6 million in accumulation.
Such aggressive buying indicates whales’ confidence that LINK’s value could continue higher in the weeks ahead. Therefore, if these whales continue to buy, Chainlink’s price might rise toward $35 before September ends.
LINK Whale Accumulation | Credit: Santiment
However, if the level of buying drops, this prediction might not come to pass. LINK might experience consolidation or trade lower than $20 in such a scenario.
XRP
The second altcoin on the list of whale accumulation is XRP, which has once again proven to be a usual suspect.
According to Glassnode data, the number of wallets holding over 10,000 XRP has climbed from under 300,000 last month to 312,529.
This steady increase highlights growing confidence among large holders, suggesting that whales continue to view XRP as a strong candidate for gains in the months ahead.
If this continues, the XRP’s price might retest its all-time high and probably break $4. On the contrary, large-scale selling might invalidate this outlook, and XRP’s price might drop toward $2.
The final altcoin on the list is Ethena (ENA), which has spent much of this month trading sideways. Still, crypto whales appear confident that ENA could emerge as one of September’s top gainers.
According to Santiment data, the balance of wallets holding between 1 million and 10 million ENA has risen from 734.79 million to 780.38 million. At the current price of $0.62, this additional 45.59 million ENA translates to about $28.2 million in accumulation.
Such aggressive positioning suggests that whales prepare for a potential breakout, even as the broader market waits for a clear trend.
Should sentiment remain bullish, ENA’s price might break $1 next month. However, a subsequent decline could occur if it were the other way around.
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.
