As the market anticipates a potential interest rate cut from the Federal Reserve this October, on-chain data reveals that large-scale crypto investors, or “whales,” are actively accumulating certain altcoins. Despite recent price drops, these major players appear to be positioning themselves for a potential market shift. Dogecoin and Cardano are among the primary assets seeing significant inflows.

Dogecoin (DOGE) Attracts Major Investment

Dogecoin has become a key focus for whale accumulation. Even though its price has fallen by over 34% in the last 30 days, a specific group of whales holding between 100 million and 1 billion DOGE began increasing their positions after October 16. Their collective holdings grew from 28.16 billion to 29.61 billion DOGE, representing an addition of 1.45 billion tokens valued at approximately $268 million.

Technical indicators also suggest a potential shift in momentum. The Relative Strength Index (RSI) on the daily chart is showing a standard bullish divergence, which often precedes a trend reversal. A sustained daily close above the $0.188 and $0.217 resistance levels could confirm a recovery. However, a drop below $0.170 would likely invalidate this bullish outlook.

Cardano (ADA) Whales Show Strong Conviction

Cardano is another token capturing the attention of large investors. Despite a price decline of nearly 32% over the past month, two distinct whale cohorts have been buying aggressively. The largest group, with wallets holding over 1 billion ADA, began its accumulation on October 12. A second group, holding between 100 million and 1 billion ADA, started buying on October 13 and continued to add to their positions through October 17.

In less than a week, these whales added approximately $150 million worth of ADA to their portfolios at current prices. Similar to Dogecoin, Cardano’s daily chart shows a strong bullish divergence between its price and the RSI, signaling that the recent bearish pressure may be fading.

Lesser-Known Token BROCCOLI Sees Whale Interest

While not a top-tier asset by market capitalization, a token named BROCCOLI (CZ’s Dog) has started to draw notable attention. The token has shown considerable resilience, with losses limited to just 2.4% over the past week while the broader market declined. Data indicates that whale holdings of BROCCOLI increased by 8.9% in a single day, while the top 100 addresses added another 0.65% to their balance. In total, these groups acquired over 7 million tokens worth nearly $170,000 in just 24 hours. The Money Flow Index (MFI) for the token also shows a clear bullish divergence, suggesting accumulation is underway.

A Calculated Move by Large Investors

The pattern of accumulation across these different altcoins suggests a calculated strategy among crypto whales. By taking advantage of lower prices, these investors seem to be preparing for a potential market upswing tied to the Federal Reserve’s anticipated policy changes. The movements in Dogecoin, Cardano, and even smaller tokens like BROCCOLI provide a clear signal that major market participants are actively positioning for what comes next.