It looks like whales are buying up a bunch of altcoins this week after moving out of cash while Bitcoin chills out. Some medium-sized tokens are getting the most attention. For example, Aster whales bought another 4.67 million tokens (up 11.6%), Pippin ho

It looks like whales are buying up a bunch of altcoins this week after moving out of cash while Bitcoin chills out. Some medium-sized tokens are getting the most attention. For example, Aster whales bought another 4.67 million tokens (up 11.6%), Pippin holders increased their holdings by 18.2% (about $9.75M), and Chainlink whales grabbed 28.9% more LINK (around $11.5M). At the same time, fewer tokens are sitting on exchanges, which usually means the big players are moving their coins into cold storage for the long haul.

Memes and riskier coins are also getting some love. Fartcoin whales took advantage of the early December dip to grab an extra 32.4 million tokens (about $10.7M), which shows they really believe in this crazy coin. Big guns such as Ethereum and XRP are seeing huge buys, measured in billions. ETH whales are making big bets with borrowed money (some wallets hold $60–190M positions) because they're excited about the coming Fusaka upgrade. XRP had about 620 million tokens (about $1.36B) snapped up in just a few days and long-term holders are accumulating, causing the price to jump 8%.

The big picture is pretty obvious: While normal everyday traders chase after hype and memes, whales grabbed over 45,000 BTC in the same week and took over 400,000 BTC off exchanges in recent weeks. This buy the dip move is spreading to ETH, LINK, XRP, and some smaller coins, which suggests the smart money is getting ready for another big jump in the altcoin market.