Digital asset markets have performed poorly this week, with many Token losing most of their July gains. The global cryptocurrency market Capital has fallen 4% over the past seven days, reflecting waning price momentum and cautious sentiment among traders.
However, despite the overall market decline, on-chain data shows that crypto whales have been actively accumulating certain altcoins. This analysis will XEM at some of them.
Arbitrum (ARB)
Layer-2 (L2) altcoin ARB has seen increased accumulation from crypto whales this week. According to Santiment, whales holding between 1 million and 10 million Token have purchased an additional 10 million ARB over the past week, pushing their total holdings to 2.45 billion Token at the time of writing.
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This trend could boost retail investor confidence and spur participation. As retail investor demand increases along with whale activity, it could provide the necessary impetus for ARB to break out of its sideways trend.
If demand increases, ARB could break above the resistance at $0.52 and head towards $0.57.

Conversely, if the sell-off continues, the price could drop to $0.45.
Chainlink (LINK)
LINK, the native Token of oracle network provider Chainlink, is one of the altcoins that crypto whales have been accumulating this week. on-chain data from Nansen shows a 25% increase in holdings by high-value wallets holding more than $1 million worth of LINK.

This increase in whale activity shows growing confidence in the Token’s short-term prospects. If accumulation continues, LINK could rise to $26.89.

Conversely, if demand weakens and whales start reducing their exposure, the Token risks falling to around $23.48.
Cardano (ADA)
Layer-1 (L1) coin ADA has also seen strategic accumulation from crypto whales this week, despite the overall market decline. According to on-chain data, whales holding between 1 million and 10 million coins bought 60 million ADA coins over the past week.

Although the weak performance of the broader market has kept ADA in a range for the past few days, if accumulation from whales increases, its price could test the resistance at $0.89 and attempt to break through.

Conversely, if accumulation declines, the price of L1 could drop to $0.84.