The Supreme Court’s decision to ban President Donald Trump’s tariffs has quietly shifted global market sentiment. The stock market was the first to react, but it appears that crypto whales are doing the same. BeInCrypto analysts tracking blockchain flows have identified early accumulation across three altcoins, indicating they are positioning ahead of a potential liquidity shift.
Tariff removal could ease inflationary pressures and improve risk appetite, often favoring speculative assets. This suggests that if positive sentiment holds, crypto whales may already be gearing up for the next phase of macro-driven crypto momentum.
pump fan (pump)
Cryptocurrency whales have purchased Pump.fun (PUMP), one of the earliest pieces of infrastructure associated with speculative activity. Platforms like Pump.fun are at the center of high-risk token launches, so they tend to be the first to benefit when risk appetite improves.
According to on-chain data, Whale’s holdings increased by 1.16% in the past 24 hours, bringing its total holdings to 12.23 billion PUMP. This means that whales added approximately 140 million PUMP tokens in one day.
At current prices, this equates to approximately $280,000 worth of accumulation. While not an aggressive spike, it reflects cautious optimism and indicates positioning early rather than chasing late.
The answer behind this behavior may lie in the price chart. PUMP is currently forming an inverted head and shoulders pattern on the 12-hour chart. This is a bullish reversal structure that appears when selling pressure subsides and buyers begin to regain control.
Neckline resistance is located near $0.0022, and a confirmation above this level could pave the way to $0.0035, indicating over 55% upside potential.
Momentum is already building. PUMP is currently testing a 20-period exponential moving average (EMA) that tracks average prices with more emphasis on recent movements.
Traders use this level to determine short-term strength. The last time PUMP recovered this EMA was on February 13th, shortly after it rose nearly 15%. A similar rally could push PUMP price above the neckline.
However, the risk remains. A decline below $0.0019 will weaken the momentum, while a decline below $0.0016 will completely invalidate the bullish setup.
This explains why virtual whales are gradually accumulating. They seem to be positioning themselves early for a PUMP price breakout, but still respecting the current market structure.
Synthetics (SNX)
Crypto whales are buying Synthetics (SNX), but a closer look reveals that this movement is primarily being driven by mega whales. The change came after the Supreme Court’s ban on Trump tariffs improved risk appetite. When macro uncertainty decreases, large-scale investors often switch to high-beta DeFi tokens that can appreciate faster.
Synthetix fits this profile as it is powered by synthetic assets, which tend to attract activity when traders expect stronger market momentum.
Data support this selective accumulation. The top 100 addresses increased their holdings by 1.47%, bringing their total holdings to 312.22 million SNX.
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That means approximately 4.52 million SNX was added in the last 24 hours. At current prices, this equates to approximately $1.83 million worth of accumulated SNX. This is important because mega whales buy in times of strength, not weakness. This typically indicates positioning for continuation rather than just a buy on the spur of the moment.
The chart explains why.
SNX appears to be forming a cup and handle pattern, which is a bullish continuation structure. This pattern begins with a rounded recovery followed by a small pullback called a handle. A handle may form quickly. This means that consolidation may occur before the next move.
The major breakout level is located at $0.42. If SNX breaks out and shows acceptance above this level, the pattern prediction suggests a 72% upside potential towards $0.73.
This possibility explains why mega whales are placed in early positions. They are likely willing to endure integration while smaller whales are hesitant.
On the downside, $0.36 and $0.32 are important support levels that are consolidating. These levels allow the handle to form successfully. However, a decline below $0.24 will completely invalidate the bullish pattern.
Onyx Coin (XCN)
Onyx Coin (XCN) is the third token that crypto whales have quietly increased their exposure to after the Supreme Court blocked Trump tariffs. Whale holdings increased from 48.84 billion XCN to 48.96 billion XCN, with 120 million tokens added in one day. At current prices, this equates to approximately $612,000 cumulatively for the XCN.
This buying comes despite poor recent performance, suggesting whales may be positioning early for a reversal rather than reacting to strength.
One possible reason lies in the core role of Onyxcoin. The project focuses on blockchain-based financial infrastructure, including payment systems. Demand for blockchain payment networks could increase as tariff restrictions ease and global trade improves. Whales may view XCN as a leveraged bet on a long-term macro shift.
The XCN price chart also supports this initial positioning. From November 4th to February 19th, XCN formed lower lows, while Relative Strength Index (RSI) formed higher lows.
RSI measures momentum. If the RSI is rising while prices are falling, it indicates that selling pressure is easing. This pattern often appears before a trend reversal. Importantly, the previous RSI low was deep within the oversold zone, reinforcing the reversal signal.
Some recovery has already begun. The next important breakout level is at $0.0065. If XCN rises above this level, it could target $0.0098, which coincides with the important Fibonacci retracement level. This means a potential upside of 92% from current levels.
However, the risk remains. If XCN falls below $0.0045, the reversal structure will weaken. Thereafter, a further decline towards $0.0041 is likely.
