The global crypto market cap climbed from $2.4 trillion to $2.6 trillion in April 2026, as the fragile US–Iran ceasefire revived risk appetite across digital assets.
Crypto whales holding 1M–10M WLD have accumulated 12 million Worldcoin tokens in just over a week, even as the token grinds to a fresh all-time low of $0.23 amid the ZachXBT–Musk fallout.
A single mystery whale has bought HYPE every single day for two months, building a $19.18 million position at an average price of $38, while DOGE whale transactions over $1M spiked 289% on April 29.
April was marked by a notable resurgence in demand across crypto markets. This reversed the downtrend that dominated March following the start of the Iran-Israel-US war.
The conflict triggered an immediate sell-off across risk assets, with Bitcoin (BTC) and Ethereum immediately closing February down 15% and 20%, respectively.
A fragile two-week ceasefire reached on April 8 revived risk appetite, with capital rotating back into cryptocurrencies.
The recovery in demand is clearly reflected in the global cryptocurrency market capitalization, which climbed from $2.4 trillion at the start of April to $2.6 trillion by April 30, a gain of nearly 10% over the month.
With broader sentiment improving, crypto whales have begun taking positions in select tokens, anticipating either a continuation of April’s rally.
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Worldcoin (WLD) currently trades at an all-time low of $0.24. As previously reported, this comes amid escalating legal tensions around OpenAI and Elon Musk’s social media criticism of Sam Altman.
Musk’s repeated jabs and renewed scrutiny from on-chain investigator ZachXBT, who described WLD’s tokenomics as a “predatory low-float” model, have contributed to the plunging demand for WLD.
Interestingly, whales appear to be viewing the protocol’s recent troubles as an entry opportunity rather than an exit signal.
Per Santiment data, whale wallets holding between 1 million and 10 million WLD have steadily increased their aggregate holdings over the past week.
The cohort’s balance climbed from 958 million WLD on April 24 to 970.91 million WLD by May 1.
That marks a net accumulation of roughly 12 million tokens even as the price continues to grind lower.
If whale accumulation continues and broader market sentiment improves heading into May, WLD could begin to carve out a recovery path.
A break above the immediate $0.3255 resistance would open the door to a retest of the $0.4017 level, which capped price action through February and early March.
On the other hand, if spot demand remains low and whale accumulation wanes as May progresses, WLD may touch new lows.
Dogecoin (DOGE)
Another asset that has drawn renewed whale interest is leading meme coin Dogecoin (DOGE), with on-chain data pointing to a sharp uptick in large-holder positioning ahead of May.
According to Santiment, whale transactions exceeding $1 million in DOGE spiked to 93 on April 29, the highest single-day reading of the past week and a 289% jump from the 24 transactions recorded just two days earlier.
Also, transactions above the $100,000 threshold climbed to 746 on April 29, doubling the daily average recorded over the past 6 days.
While both metrics have since cooled into May 1, the late-April spike points to a clear pattern of accumulation and rotation among DOGE’s largest holders.
If this continues, DOGE could extend its 16% monthly gain and attempt to breach the immediate $0.12 resistance. A break above that zone would open the door to the $0.14.
However, if profit-taking returns and DOGE sellers overrun the market, the memecoin could lose its current gains and plummet toward $0.08.
HyperLiquid (HYPE)
HYPE is another closely watched token on the radar of crypto whales heading into May.
On-chain data has revealed a pattern of consistent, high-conviction whale accumulation that has played out almost daily for nearly two months.
In a recent post on X, on-chain sleuth Lookonchain reported that a single mysterious whale has been buying HYPE every day over the past two months.
Since March 1, the address has withdrawn 472,770 HYPE — worth roughly $18.96 million — from Bybit and Kraken, accumulating at an average price of around $38 per token.
The wallet’s total holdings have grown steadily through April, climbing from roughly $9.6 million at the start of the month to over $19 million by May 1.
According to Arkham Intelligence data, the address now holds 480,434 HYPE, valued at roughly $19.18 million.
At press time, HYPE trades at $39.98, hovering above support at $38.82. If demand grows and this support floor strengthens, it could HYPE toward $43.81.
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.
Abiodun Oladokun is a Research Analyst at CCN, where he covers cryptocurrency markets with a focus on on-chain analysis, technical assessments, and emerging trends across decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins.
Prior to CCN, he served as a Senior On-Chain Analyst at BeInCrypto, producing market reports spanning diverse crypto sectors.
Before that, he conducted technical analysis and market assessments of various altcoins at AMBCrypto, where he also contributed long-form quarterly research papers on DeFi, NFTs, DAOs, and scaling architectures, leveraging on-chain platforms including Messari, Santiment, DefiLlama, and Dune Analytics.
He began his crypto career as a research analyst at SixthSense DAO, developing blockchain forensic tools to trace the history of stolen assets.
Abiodun is a lawyer called to the Nigerian Bar and the founder of Ilé Ijó, a Lagos-based electronic dance music collective.
