Whales Accumulate Chainlink, Cronos, and Toncoin Amid Market Rebound

Crypto whales are ramping up their accumulation of key altcoins, signaling renewed confidence in the market. Chainlink (LINK), Cronos (CRO), and Toncoin (TON) have all seen increased large-holder activity, potentially setting the stage for notable price movements.

On-chain data from Santiment shows that whale addresses holding 100,000 to 1 million LINK tokens acquired 2.5 million coins this week, worth over $61 million at current prices. LINK is trading around $24.43, and continued accumulation could push it to $26.89, a level last seen on August 23. However, declining demand might trigger a pullback below $23.48.

Cronos has also caught whale attention, with Nansen reporting a 29% jump in large-holder activity over the past seven days. The buying pressure highlights growing confidence in CRO’s potential. Sustained accumulation could lift the token toward $0.27, though fading demand may drive it back to the $0.19 level.

Meanwhile, Toncoin has entered a phase of quiet accumulation. Santiment data indicates whale wallets holding between 1 million and 10 million TON increased their holdings by 5% this week. This growing concentration could spark a breakout toward $3.20 if demand holds strong. On the downside, renewed selling pressure might drag the token to $3.04.

The surge in whale activity underscores how institutional players and high-net-worth investors are positioning themselves ahead of potential market moves. If the buying trend continues, these altcoins could see notable upside in the coming weeks.