Crypto Whales Leverage Israel-Iran Conflict to Accumulate Altcoins
Just as the crypto market began to recover slightly on news of a near trade agreement between the U.S. and China, a new military escalation between Israel and Iran triggered another sharp decline.
In the past 24 hours:
- Bitcoin dropped by 2.65%
- Ethereum fell by nearly 8.9%
- Solana plunged 9.2%
While retail investors count their losses, large cryptocurrency holders — or “whales” — are taking advantage of the downturn to accumulate altcoins.
Cardano (ADA) Accumulation Surges
Over the past few days, whales have invested more than $120 million into Cardano (ADA). This wave of accumulation began shortly after Bloomberg Intelligence raised the odds of a Cardano ETF approval to 75% by 2025.
Despite Cardano’s 7.8% drop in the last 24 hours, whales are treating the dip as a buying opportunity — even as Bitcoin continues to drag the market downward.
Hyperliquid (HYPE) — A Whale Favorite
The most sought-after token among whales was Hyperliquid (HYPE). Two major investors spent a combined $14.9 million on HYPE:
- One bought at $38.5
- The other at $39.1
Notably, both whales staked their HYPE tokens, signaling long-term confidence in the project.
At the time of writing, HYPE is trading at $40.02, down 3.58% in the last 24 hours.
