Altcoins have crashed this year, leaving many retail investors holding the bag. A closer look at on-chain metrics show that some crypto whales still hold tokens that have crashed this year, a sign that they expect their prices to recover. This article explores some of these whale-supported-altcoins that may help you turn $500 to $500k.
3 Altcoins that Crypto Whales Have Not Sold
Whales are crypto investors who hold substantial tokens and are often seen as highlight experienced smart money professionals. There are higher chances that crypto tokens whose whales have not sold their tokens will bounce back faster. Some of these tokens to consider are SPX6900 (SPX), Pepe (PEPE), and Fartcoin (FARTCOIN). Murad, a popular crypto analyst, found these altcoins.
SPX6900 (SPX)
SPX6900 is an Ethereum and Solana meme coin that argues that it will beat the S&P 500 index because 6,900 is a bigger number than the S&P 500 index. It is one of the top coins with a large accumulation of whales. 23% of the SPX coin whales have never sold a coin.
More data shows that the most SPX profit leaders are still holding most of their tokens. As shown below, the most profitable SPX trader has made $10 million and has only realized a $28,734 profit. He still holds 95% of his total tokens.
Similarly, the other most profitable SPX traders have continued to hold the token even as its price crashed. This whale activity is a sign that the SPX6900 token price will likely bounce back.
Pepe Coin
Pepe coin is another altcoin whose many crypto whales have never sold their tokens. These whales continue to hold the coin even after it has crashed by double digits this year. 17% of these whales still have the token in their portfolios.
Pepe coin has a higher chance of bouncing back, as a recent report showed that Pepe whales were on a buying spree.
A technical analysis published on Wednesday showed that the Pepe price could surge by 245% after forming a falling wedge pattern and a bullish divergence. It has also become a cheap coin, with its MVRV-Z score moving to the opportunity zone.
Fartcoin (FARTCOIN)
Fartcoin is a top altcoin that top crypto whales are yet to sell their tokens even after falling by 88% and moving near its all-time low. 11.1% of the Fartcoin whales have never sold a single coin since its inception in 2024.
This means that these whales rode the FARTCOIN price surge from $0.01423 in October last year to $2.73 and its crash to $0.01423. That is a sign that they expect the price to potentially soar by 772% to its all-time high.
Other Altcoins Whales Have Not Sold
There are a few more coins whose whales have never dumped a token, meaning that they may bounce back in the next crypto bull run. Some of these meme coins are Apu Apustaja (APU), Gigachad (GIGA), Turbo (TURBO), an Mog Coin (MOG).
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