TOP 3 altcoins that top holders are quietly acquiring

According to the latest data from Nansen, whales and top wallets are accumulating millions of tokens, despite the market's erratic fluctuations.

###PERP: Accumulation when the price weakens

In the past 24 hours, the 25 largest wallets holding Perpetual Protocol (PERP) have added an additional 1.33 million PERP, equivalent to $409,000 – 25 times the daily average. At the same time, balances on exchanges have decreased by nearly 3.8%, indicating that funds are being withdrawn to personal wallets, reflecting a strong accumulation trend among large investors.

Holder data for PERP | Source: NansenBuying activity occurred when the price of PERP dropped to 0.265 USD, before bouncing back to 0.315 USD, indicating that "whales" took advantage of the price drop to accumulate, creating momentum for the recovery. However, the concentration level remains high, with the top 100 wallets controlling up to 55% of the total supply, highlighting the strong influence of this group of investors in the market.

###GRIFFAIN whales participate

The 25 largest wallets holding GRIFFAIN have just added 3.45 million tokens in just 24 hours, equivalent to 135,000 USD – nearly six times higher than the average daily cash flow. While the balance on the exchange has slightly decreased, the holdings of whales have increased by 7.7%.

Holder data GRIFFAIN | Source: NansenThe price of GRIFFAIN remains stable around 0.038 USD, showing consistent strength despite the Smart Money group reducing their positions by 2.5%. Notably, buying pressure from retail investors is absorbing the selling volume well, while large wallets continue to increase their positions in anticipation of a new upward wave. With nearly the entire supply now in circulation, the cash flow from whales has become a key indicator for the upcoming trend.

###Smart Money withdraws from MNT

Mantle (MNT) is showing the clearest divergence. In the last 24 hours, Smart Money wallets have pushed 2.33 million USD onto the exchange, causing the balance to decrease by 5%. Notably, public wallets have cut nearly 47% of their position, while whales have also reduced by 6.8%.

Holder data MNT | Source: NansenDespite selling pressure, the price of MNT still increased from 1.67 USD to 1.71 USD. The market shows quite good absorption capacity, but the amount of tokens on the exchange has increased. This reveals a familiar strategy: whales and Smart Money take advantage of the upward wave to take profits, while most of the risk is transferred to retail investors.

###Meaning

These three altcoins clearly reflect the behavior of large holders – factors that often influence price movements hidden behind the market. While PERP and GRIFFAIN show a strong accumulation trend even when prices fall, thereby reinforcing confidence from large wallets, MNT creates a contrasting highlight with its distribution move when prices rise – a notable warning signal for short-term traders.

This data not only serves as a reference but also as an important tool for investors to track cash flow, thus providing a clearer overall picture instead of relying solely on price fluctuations.

SN_Nour