Whale Alert: ONDO, RENDER & OP

Bitcoin's recent surge above $105,000 spurred a wave of whale accumulation across the crypto market. On-chain data shows substantial interest from large holders in several altcoins, particularly Ondo (ONDO), Render (RENDER), and Optimism (OP).

ONDO: Real-World Asset Accumulation

ONDO, a real-world asset (RWA) token, experienced increased whale attention. Santiment data reveals that addresses holding 10,000–100,000 ONDO acquired 2.63 million tokens in the past week. This cohort now holds 143.94 million ONDO. Trading at $0.99, a 3% increase in the past 24 hours, ONDO might reach $1.23 if whale activity continues. Conversely, a decline to $0.92 is possible if whale selling pressure increases.

Render (RENDER): Whale Buying Spree

RENDER also saw significant whale activity. Santiment shows that investors holding 1 million–10 million RENDER bought 250,000 tokens (approximately $1.22 million at current prices). This accumulation could attract retail investors, potentially pushing RENDER to $6.09. However, a drop to $4.72 or even $4.18 is possible if buying pressure wanes.

Optimism (OP): Layer-2 Whale Accumulation

Optimism's Layer-2 (L2) token, OP, also witnessed strong whale accumulation. IntoTheBlock data shows a 140% surge in large holders’ netflow (investors controlling over 0.1% of circulating supply) over the past seven days. This inflow suggests strong buying pressure, potentially driving OP's price towards $1.08. Conversely, a price drop to $0.54 is possible if selling pressure increases.

Disclaimer: This analysis is for informational purposes only and shouldn't be considered financial advice. Market conditions are volatile. Always conduct thorough research and consult a professional before making investment decisions.