SPK Flashes 200% Whale Surge: 3 Altcoins Crypto Whales Are Buying During the Dip

The crypto market has dropped nearly 6.9% over the past 24 hours, with the total market cap slipping from $3.98 trillion to around $3.77 trillion.

While this looks like a standard cooldown, a few altcoins are catching serious crypto whale attention

Is This Just a Market Pullback, or Something Deeper?

The total crypto market cap has taken quite a hit, correcting from the recent high of $3.94 trillion. At present, it is sitting right above the key support of $3.75 trillion. A drop below this could signal extended downside risk.

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Crypto total market cap: TradingView

Meanwhile, Bitcoin spot ETF flows flipped from strong inflows to back-to-back outflows totaling over $285 million in the past three days. Since BTC dominates ~60% of the total market cap, this shift is significant and likely driving broader weakness.

BTC ETF netflows: Coinglass

Still, this looks like a short-term pullback. Similar patterns were seen earlier, the latest being in early July, when the TOTAL chart moved in a range for a while.

The structure doesn’t show panic selling yet, and while Bitcoin stagnates, whales are rotating into the following altcoins.

Graphite Protocol (GP)

Graphite Protocol is a Solana-based utility token. In the last 24 hours, whale wallets holding GP jumped by 8.19%, now holding 9.55 million tokens. At the current market price of $4.76 per token, the whale’s buying value stands at $3.44 million.

Crypto whales are eyeing Graphite Protocol (GP), likely banking on Solana’s strength during this altcoin rotation.

Crypto whales buying GP: Nansen

Top 100 holders increased their share to 51.99 million GP (up 0.91%), while exchange reserves dropped 22.09%; a clear sign of accumulation. Price also surged nearly 22.3% day-on-day, defying the broader market dip.

BONK (BONK)

Bonk (BONK), a meme token native to the Solana ecosystem, has also grabbed crypto whale attention during this market dip. Over the past 24 hours, whale wallets holding BONK rose 2.56%, now totaling 2.22 trillion tokens.

That means whales added roughly 55.43 billion BONK in a day. At the current price of $0.00033, the total value of this new whale accumulation is approximately $18.55 million.

Crypto whales and BONK: Nansen

The top 100 addresses also nudged up slightly by 0.1%, while smart money wallets surged by 7.57%. Meanwhile, exchange balances slipped by 0.52%, suggesting some supply is moving off centralized platforms, which is often a bullish signal.

Despite BONK’s price hovering flat, this accumulation signals that whales might be positioning early for a Solana meme coin revival, especially with altseason chatter heating up.

Popcat (POPCAT)

Popcat (POPCAT) is another Solana-based meme token that has been catching fire with traders, and crypto whales are clearly watching. Over the last 24 hours, whale wallets holding POPCAT jumped 1.96%, pushing total holdings to 82.4 million tokens.

POPCAT seeing whale accumulation: Nansen

That’s an addition of roughly 1.58 million POPCAT in a single day. At the current price of $0.37, this new whale chunk is worth approximately $585,000. What’s interesting is that the POPCAT token has corrected by over 17% day-on-day, hinting at a dip-buying whale-led phenomenon.

POPCAT’s growing presence in whale wallets may be tied to its sharp price bounce earlier this month and its role in leading the Solana meme coin cycle. With altcoin appetite recovering, whales could be positioning for another leg up.

Honorary Mention: Crypto Whales Love Spark (SPK)?

Spark (SPK) is the native token of the Spark Protocol. Over the past 30 days, SPK has seen a 202% rise in whale holdings, jumping to 3.59 million tokens. With the current price at $0.13, this brings the total whale holdings to $466,700. SPK’s price followed with a 24%+ surge over the past 24 hours.

The Nansen chart shows smart money inflows up 248%, and exchange balances dropping nearly 30%, suggesting whales are accumulating off exchanges.

SPK’s growing appeal likely comes from its DeFi governance use case, connection to real-world asset deployment, and its expanding multi-chain footprint. This is not just another meme coin play: crypto whales may be treating SPK as a long-term bet on DeFi infrastructure.

Crypto whale buying trends show Solana ecosystem and DeFi are currently getting all the love.

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