US President Donald Trump is planning to sign a “big beautiful bill” when he passes the Senate on the skin of his teeth. The bill has been criticized by many, including former ally Elon Musk, who has been vocally opposed for weeks.
Therefore, it is likely to affect how the crypto market moves, and early signs of the same can be assessed by whale behavior. Beincrypto has identified three crypto assets that whales have chosen to accumulate after receiving approval for the bill.
A stocky penguin (penguin)
Pengu has recently attracted a lot of attention from its whale address, with over 60 million tokens being purchased in the last 24 hours. This shows strong interest from large investors in Memecoin, which could lead to increased liquidity.
However, despite a significant amount, this supply total remains relatively low, at around $880,000. This is a modest number, but purchasing activities from whales indicate a growing interest in peng.
Penguin activities. Source: Nansen
Currently, Pengu’s prices are relatively stable, trading at $0.0146 at a resistance level of $0.0151. Altcoin is waiting for a stronger bull signal to start a trend past this resistance.
Read DAO (LDO)
The LDO whales responded with caution to Big Beautiful Bill’s approval. Whale addresses have exceeded $1 million in tokens to purchase 720,000 LDOs in the last 24 hours. This is not an overwhelming display of confidence, but reflects a measured response to broader market development.
The 720,000 LDOs accumulated by these whales are valued at $520,560, increasing their holdings to a total of 831.85 million LDOs. This represents approximately 83.18% of the total distribution supply, highlighting the centralized nature of LDO ownership and the important impact that whales have on token prices.
In terms of price, LDO has dropped just 2% in the last 24 hours, trading at $0.718. Nonetheless, Altcoin holds it above the support level at $0.694. The lack of a significant bear movement suggests that LDOs are currently stable.
Official Trump (Trump)
The Trump Whale quickly responded to approval of the bill, adding 220,000 Trump tokens over the past 24 hours. Their total holdings are currently at 5.93 million Trump, indicating their commitment to accumulating meme coins amidst favourable developments for the broader market.
This 220,000 Trump purchase is worth more than $1.9 million, indicating that Trump supporters are taking advantage of all the momentum created by the US president. Growth in whale activity shows increased confidence despite overall market fluctuations affecting token prices.
Card whale activity. Source: Nansen
Despite a strong whale accumulation, Trump’s prices have fallen 3% in the last 24 hours and are currently trading at $8.63. The price is approaching an all-time low of $7.14, indicating that market sentiment could be more cautious despite purchasing activities from whales.
