Whales react to Trump's 'Big Beautiful Bill' - 3 Altcoins witness Accumulation

The President of the United States – Donald Trump is preparing to sign the "Big Beautiful Bill" as it passes the Senate. This bill has been criticized by many, including former ally Elon Musk, who has spoken out against it for weeks.

Therefore, the bill is likely to impact how the crypto market moves, and initial signs can be assessed through the behavior of whales.

Bitcoin Magazine has identified three types of crypto assets that whales have chosen to accumulate after the bill was approved.

Pudgy Penguin (PENGU)

PENGU has recently attracted attention from whale addresses, with over 60 million tokens purchased in the past 24 hours. This indicates strong interest from large investors, which could help increase liquidity.

However, despite having a large trading volume, the total value of this supply is still relatively low, at around $880,000. While this is a modest number, the buying activity from whales indicates a growing interest in PENGU.

The activity of whale PENGU | Source: NansenCurrently, the price of PENGU remains relatively stable, trading around $0.0152 and just above the resistance level of $0.0151.

Altcoin is waiting for a stronger bullish signal to maintain its price above this resistance level and start a sustainable uptrend.

Lido DAO (LDO)

LDO whales have reacted cautiously to the approval of the Big Beautiful Bill, with whale addresses holding assets worth over $1 million purchasing 720,000 LDO equivalent to $520,560 in the past 24 hours, bringing their total holdings to 831.85 million LDO.

This figure accounts for approximately 83.18% of the total circulating supply, highlighting the centralized nature of LDO ownership and the significant influence of whales on the token price.

Whale activity of LDO | Source: NansenThe price of LDO has increased by nearly 7% in the past 24 hours, trading around $0.768. This altcoin remains steady above the support level of $0.694. The absence of significant downward fluctuations indicates that LDO is currently stabilizing and starting to form growth signals.

OFFICIAL TRUMP (TRUMP)

The TRUMP whale quickly reacted to the approval of the bill by accumulating an additional 220,000 TRUMP tokens in the past 24 hours.

The total number of tokens they currently hold is 5.93 million TRUMP, indicating a commitment to accumulating memecoin in the context of favorable developments for the overall market.

The purchase of 220,000 TRUMP, worth over 1.9 million USD, indicates that TRUMP supporters are taking advantage of every momentum created by the President of the United States. Whale activity shows increasing confidence, despite the overall market fluctuations impacting the token's price.

TRUMP Whale Activity | Source: NansenWith strong accumulation from whales, the price of TRUMP has increased by 3% in the past 24 hours, currently trading around $8.87. The price is reversing from the all-time low of $7.14, indicating that market sentiment may become more cautious despite whale buying activity.

Vincent