A recent ruling by the Supreme Court of the United States to block tariff measures associated with Donald Trump has subtly shifted global risk sentiment. While equities reacted first, on-chain data suggests crypto whales have also begun repositioning.
According to analysts at CoinPhoton, blockchain flows indicate early accumulation across three altcoins — potentially signaling preparation for a liquidity rotation if macro optimism continues.
If tariff pressure eases, inflation concerns could soften and broader risk appetite may improve. In such environments, speculative and high-beta crypto assets often outperform.
Here are three tokens showing notable whale activity.
1️⃣ Pump.fun (PUMP)
Whales have increased their holdings of PUMP by 1.16% over the past 24 hours, bringing total whale-controlled supply to approximately 12.23 billion tokens. That equates to roughly 140 million PUMP added in a single day — valued near $280,000 at current prices.
While not explosive, the steady pace of accumulation suggests strategic positioning rather than reactive chasing.
Technical Structure
On the 12-hour chart, PUMP appears to be forming an inverse head-and-shoulders pattern — a classic bullish reversal structure signaling diminishing selling pressure.
Key neckline resistance: $0.0022
Breakout projection: $0.0035 (~55% upside)
Price is currently testing the 20-period EMA, a short-term momentum gauge. The last time PUMP reclaimed this level (Feb 13), price advanced nearly 15% shortly after.
Risk Levels
Below $0.0019 → bullish momentum weakens
Below $0.0016 → pattern invalidated
Whales appear to be scaling in cautiously — preparing for a potential breakout while managing downside risk.
2️⃣ Synthetix (SNX)
SNX has attracted attention from larger “super whale” wallets.
The top 100 addresses increased their holdings by 1.47%, accumulating an additional 4.52 million SNX within 24 hours — valued around $1.83 million.
Notably, this accumulation occurred while price was rising — often interpreted as continuation positioning rather than dip buying.
Why SNX?
As a DeFi protocol supporting synthetic assets, Synthetix benefits from heightened speculative activity. In periods of improving macro stability, capital often rotates into higher-yield DeFi ecosystems.
Chart Setup
SNX is forming a cup-and-handle pattern on higher timeframes — a bullish continuation structure.
Key breakout resistance: $0.42
Pattern projection: $0.73 (~72% upside)
Important support levels during consolidation:
$0.36
$0.32
A drop below $0.24 would invalidate the bullish setup.
3️⃣ Onyxcoin (XCN)
Whales quietly added 120 million XCN in 24 hours, increasing holdings from 48.84 billion to 48.96 billion tokens — approximately $612,000 in new exposure.
What makes this notable is that accumulation occurred despite recent underperformance.
This suggests whales may be positioning for a structural reversal rather than reacting to current momentum.
Macro Narrative
Onyxcoin operates within blockchain financial infrastructure, including payment and settlement systems. If global trade dynamics improve following tariff relief, blockchain-based settlement networks could benefit.
Whales may view XCN as a longer-term macro infrastructure play.
Technical Signals
Between November 4 and February 19:
Price formed lower lows
RSI formed higher lows
This bullish divergence suggests declining selling pressure — often a precursor to reversal.
Key levels:
Resistance: $0.0065
Upside target: $0.0098 (~92% potential)
Risk thresholds:
Below $0.0045 → reversal weakens
Below $0.0041 → bullish thesis invalidated
Liquidity Rotation or Early Positioning?
Across PUMP, SNX, and XCN, the pattern is consistent:
Gradual whale accumulation
Technical reversal or continuation structures
Positioning ahead of confirmed breakout levels
Importantly, these moves are occurring before broad retail enthusiasm has returned.
Whales typically accumulate during uncertainty — not euphoria.
If macro sentiment continues improving and Bitcoin maintains strength, these altcoins could benefit from secondary capital rotation.
But risks remain, including macro reversals, declining volume, or failure at key resistance zones.
Final Thoughts
Are whales preparing for the next expansion phase in crypto — or hedging against short-term volatility?
The data suggests early positioning, not aggressive speculation.
Now the debate is yours:
Which of these three has the strongest breakout potential — PUMP, SNX, or XCN?
Drop your view below 👇
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