August saw a significant downturn in the cryptocurrency market after a rally in July that had driven various assets to new highs. However, while general investor sentiment has somewhat dimmed, larger holders view this dip as a chance to purchase more and position themselves for potential gains in September.
WorldCoin (WLD)
WorldCoin, associated with Sam Altman, is one of the sought-after assets among large investors this month. According to reports from Nansen, wallets holding over $1 million in WLD have seen a 779% increase in token supply over the past month.
This trend of accumulation by large holders is likely to reinforce a bullish outlook in the market and could lead to further profits if buying activity continues. Currently, this group manages around 4.45 million WLD tokens.
If this trend persists, WorldCoin may consolidate above $1.41.
However, should demand see a decline, the token price could drop to around $0.57.
Pepe
The Solana-based meme coin, Pepe, has gained traction among crypto whales in September. On-chain data indicates that since August 24, investors with wallets containing between 10 and 10 million Pepes have accumulated a total of 360 million tokens.
This level of aggressive buying signals that these larger investors are preparing for potential short-term price increases. They may be utilizing a 5% dip in meme coin prices from the past week to maximize their returns.
If these purchasing trends continue, Pepe could potentially rise past the 0.00001070 mark.
Conversely, a drop in demand might lead to price corrections, causing the coin to fall to around $0.0000830.
Official Trump (Trump)
This month, Trump has also garnered attention from crypto whales looking for potential profits. Data from Nansen shows that holdings of this memecoin by large investors increased by 2% in the past week, indicating a growing confidence among significant investors.
This uptick in whale activity has already started to influence Trump’s market performance, resulting in a nearly 10% increase in token prices over the last week.
If this momentum keeps up, Trump could see its price climb towards $9.82.
On the flip side, if interest wanes and buying slows down, the token may face downward pressure, potentially dropping to $8.02.
