As the crypto market moves in consolidation, smart investors see this as the ideal time to make big purchases

Today, a whale made a bold move by accumulating multiple altcoins he believes will surge in the long run – an indicator that whales see something that others don’t.

As the crypto market continues to move in consolidation, the smart investors are making big purchases during this time. Today, a whale was spotted making a large accumulation of several altcoins that, in the long run, could come in handy.

The investor’s move suggests that whales are buying into certain altcoins which they believe are currently being traded at opportunistic lows. The timing and scale of this accumulation indicate a long-term belief in these assets.

6 hours ago, a whale spent :

$1.5M to buy 1.14M FARTCOIN

$1.49M to buy 1.48M WIF

$682K to buy 33.8B BONK

$681K to buy 200.1M MEW

$680k to buy 1.45M POPCAT

Address: 8L8qZp9KGSCYNYChYCNJ8NNkB296r2U7N9d9JcLmYRuG

Data by @nansen_ai

Onchain Lens shared the data on X, stating: ‘’It seems like someone is making a diversified lower tier meme coin portfolio.

The investor spent $5.033 million to buy several altcoins. The whale spent $1.5 million to buy 1.14 million FARTCOIN tokens, $1.49 million to buy 1.48 million WIF tokens, $682k to buy 33.8 billion BONK tokens, $681K to buy 200.1 million MEW tokens, and $680k to buy 1.45 million POPCAT tokens.

This action arrives as most crypto assets are in a market correction mood despite being in the uptrend phase. While several assets are seeing a decrease in value, whales remain hopeful about the long-term capability of multiple tokens.

Today, Fartcoin (FARTCOIN) saw a 7.3% price decrease. Moreover, its price has gone down 14.4% over the past week. This fall in price was accompanied by an increase in whale activity as they spotted a buying opportunity during the dip.

Dogwifhat (WIF) also saw a 9.8% decrease in price today and a 25.6% decrease over the past week. Today, the whale launched a massive buy position worth 1.48 million WIF tokens, as highlighted above. This is a strong indication of confidence in WIF’s upcoming performance.

Bonk (BONK) is also 6.1% down today and 24.6% over the past week. Today, the whale acquired 33.8 billion BONK tokens worth $682k, which signals the possibility of an upcoming pump.

Similarly, Cat in a dogs world (MEW) experienced a 5.8% drop today and a 27.8% decline in the last seven days. Today, the altcoin saw a substantial acquisition as the whale bought 200.1 million MEW tokens during the price dip.

Finally, Popcat (POPCAT) also experienced a 7.2% decrease in price today and a 30.5% decline over the past week.

In summary, this action signals that FARTCOIN, WIF, BONK, MEW, and POPCAT are being smartly accumulated during market dips.