What is the Whale buying after the success of America's Crypto Week?

The cryptocurrency market in America has just received its most positive signal ever. On July 18, the GENIUS Act – the first legal framework specifically for stablecoins – was officially signed into law by President Trump after being passed by both houses of Congress. At the same time, the CLARITY Act – aimed at clearly delineating the supervisory roles between the SEC and CFTC – has also been passed by the House and is set to be presented to the Senate.

These two consecutive legislative victories mark a groundbreaking step in the legal framework for cryptocurrency in America. In light of this development, whale wallets have quickly restructured their portfolios, directing capital into infrastructure, speculative, and meme tokens. On-chain data shows that three altcoins are attracting significant interest from large capital flows:

Lido DAO (LDO): Strong accumulation before the staking wave

LDO is witnessing a strong accumulation wave from whales, with holdings increasing by over 40% in the week, reaching 18.68 million tokens – equivalent to approximately 23.17 million USD at the current price of $1.24. This increase occurs against the backdrop of LDO attempting to break through a significant resistance area.

The flow of money is also withdrawing from exchanges, as reflected by the LDO amount on the exchange decreasing by 4.27%, down to 282.7 million.

Cryptocurrency whales are voraciously consuming LDO supply | Source: NansenThe concentration ratio of supply has increased as 100 large addresses currently control 828.85 million tokens – an increase of 0.53%. However, the distribution point remains low at (8 points), reflecting a skewed ownership structure. Meanwhile, the flow of "smart money" has slightly decreased due to profit-taking, after LDO surged over 41% in just one week.

The passage of the GENIUS Act helps to legalize staking in America, bringing protocols like Lido into the sights of institutional investors.

FLOKI: Leverage from meme coin waves and policy expectations

FLOKI is attracting significant attention from large wallets, with total holdings by whales increasing by 4.63%, reaching 27.24 billion tokens – equivalent to approximately 176,000 USD at a price of $0.00013974. This accumulation occurs alongside a 100% increase over the past month, indicating expectations for further price increases.

Cryptocurrency whales are focusing on FLOKI | Source: NansenThe top 100 wallets currently hold 8.95 trillion FLOKI (up 0.35%), indicating a steady accumulation trend at the top. Nevertheless, the distribution point remains high (9), reflecting a relatively high concentration. The amount of tokens on exchanges decreased by 1.3%, implying a potential supply shortage in the short term.

FLOKI is standing out in the post-GENIUS Act wave of excitement – as traders confidently shift stablecoins into riskier assets without worrying about unexpected policy risks.

Book of Meme (BOME): Catching the meme coin wave on Solana

BOME – a meme token belonging to the Solana ecosystem – has increased by more than 31% in 7 days and 70% in a month. This recovery is driven by optimistic sentiment from American investors following the passage of the GENIUS Act. Whales have increased their holdings to 1.46 billion tokens (+2.71%), worth approximately 3.53 million USD.

BOME attracts the attention of cryptocurrency whales | Source: NansenThe distribution score reached 15, indicating a high concentration level but is improving. Meanwhile, the top 100 wallets recorded a slight fluctuation (-0.01%), which may reflect adjustments in internal portfolios. Reserves on exchanges decreased by 0.11%, supporting the view that selling pressure is decreasing and the upward trend continues.

The strong rebound of BOME and FLOKI is not just an emotional reaction, but also reflects the strategy of accumulation by large wallets in the context of America moving towards a clearer legal framework for cryptocurrencies. While the "smart money" flow and public wallets have not yet shown much volatility, whales continue to be the main driving force for the altcoin market.

Mr. Teacher