Top 3 Altcoins Whales Are Buying Now: Pendle, Maker, and Fren Pet

Whale accumulation has long been considered a significant indicator for predicting market direction, and during the recent Solana meme coin frenzy, whales turned investments worth thousands into millions within days or weeks. As the market continues to shift, here are the 3 altcoins that whales are currently bullish on.

1. Pendle (PENDLE) has seen a surge in investor interest despite the broader market selloff. On-chain analytics platforms have reported a significant uptick in whale accumulation of PENDLE, with whales withdrawing and depositing substantial amounts of tokens worth millions of dollars. The price of PENDLE has rallied over 27% in a week and more than 115% in a month, with further growth expected as Pendle Finance continues to see increased volume and liquidity.

2. Maker (MKR), the governance token of MakerDAO and Maker Protocol, has also caught the attention of whales and institutional investors. MakerDAO recently approved expanding the debt ceiling to $1 billion for Ethena’s USDe synthetic dollar, strengthening its collaboration with Ethena and offering additional yields to users. On-chain platforms have reported significant withdrawals of MKR tokens from Binance, with the price currently trading at $3,411 and up 32% in a month.

3. Fren Pet (FP) is a Tamagotchi-like crypto mobile game built on Base, and its native token FP has seen a significant price increase in the last 24 hours, up 45%. Nansen has reported heavy buying of FP tokens by whales, with one top buyer purchasing over $450k worth of tokens. The price of FP currently trades at $13.14, with a 24-hour low of $8.68 and a high of $16.38, and trading volume has jumped 800% in the last 24 hours.

As the market continues to evolve, these altcoins are attracting the attention of whales and investors alike, with potential for further growth and profitability in the coming days.