The large token holders are quietly restructuring the market trend across three Altcoins: Perp, Griffain and Mnt.
Recent Nansen data shows that whales and topwallets accumulate millions in tokens, even if prices move unevenly.
Sponsored Sponsors
Purb accumulation in weakness
The top 25 owners of Perpetual Protocol have added 1.33 million PARPs in the past day. The $409,000 worth of inflows was 25 times the daily average. The exchange balance fell almost 3.8%, referring to withdrawals to independent types.
The accumulation came when the price of the PERP fell to $0.265 and then rebounded to $0.315. This suggests that the whales have weakened and promoted recovery. However, the concentration remains high, with the top 100 wallets controlling 55% of their supply.
Glyph whales intervene
The top 25 owners of Griffain increased their balance of 3.45 million tokens over 24 hours. The move worth $135,000 was nearly six times the average daily inflow. The exchange balance fell slightly, but the whale wallets rose 7.7%.
The price is close to $0.038, showing resilience despite Smart Money cutting 2.5% of its holdings. Retail demand absorbed the outflow, but larger holders were positioned upside down.
Sponsored Sponsors
With almost all the supplies circulating, whale flows are now a critical signal.
Smart Money leaves MNT
The mantle (MNT) showed the sharpest divergence. Smart Money Wallets sent $2.33 million in exchange in 24 hours, cutting its balance by 5%. Public figures’ wallets reduced exposure by nearly 47%, while whales fell by 6.8%.
Nevertheless, the price of the MNT rose from $1.67 to $1.71. The market has absorbed sales pressure, but the exchange is a higher balance. This suggests that whales and smart money will benefit from gatherings, suggesting retailers are at risk.
What that means
Together, the three altcoins show how the action of the holder drives price action underneath the surface. Perp and Griffain saw the accumulation in Dips, signaling beliefs from large holders.
In contrast, MNT emphasized distribution to intensity, a potential warning for short-term traders.
This data remains important for investors tracking market flows. Following where the top holder moves, it provides a clearer image than just the price.
