Here Are the Altcoins Crypto Whales Are Buying Right Now

In recent days, Bitcoin and other altcoins have faced significant price drops due to heavy selling pressure, but large investors, often referred to as "whales," have been seizing the opportunity to buy up numerous altcoins, including some of the most popular ones.

Santiment, a leading analysis platform, has shared insights on the altcoins most heavily accumulated by these whales. Notably, the top 10 wallets now control 61.3% of Shiba Inu’s (SHIB) total supply, signaling substantial whale dominance over the meme coin.

This level of control has raised concerns, as it could create volatility—especially if whales decide to sell. However, Santiment suggests that if whales maintain or increase their holdings, it could indicate growing confidence in SHIB, potentially benefiting its price.

Aside from SHIB, Santiment highlighted the distribution of other major altcoins. Ethereum (ETH) shows that 46.1% of its total supply is held by the top 10 wallets, which could pose risks for its price stability.

On the other hand, altcoins like Chainlink (LINK) and Toncoin (TON) show a more balanced distribution, with whales holding around 33% of the total supply, which could suggest a more stable outlook for those assets.

Santiment’s report underscores how the concentration of supply among a small group of holders can influence the price and overall market sentiment of cryptocurrencies.