3 Altcoins Crypto Whales are Buying After Supreme Court’s Trump Tariff Ban
Following the Supreme Court's ban on Trump's tariffs, crypto whales are accumulating Pump.fun (PUMP), Synthetix (SNX), and Onyxcoin (XCN) based on improving risk appetite and potential bullish chart patterns.Summary
The US Supreme Court's decision to block Donald Trump's tariffs has positively influenced market sentiment, leading crypto whales to accumulate specific altcoins in anticipation of increased liquidity and risk appetite.
Analysts identified three tokens being bought: Pump.fun (PUMP), where whale holdings rose 1.16% as it forms a bullish inverse head-and-shoulders pattern; Synthetix (SNX), where top 100 addresses increased holdings by 1.47% as mega whales position for a potential cup and handle breakout; and Onyxcoin (XCN), which saw accumulation despite weak performance, possibly due to its role in blockchain settlement infrastructure benefiting from eased trade restrictions, supported by a bullish divergence on the RSI.
Whales are positioning cautiously, respecting current market structures while betting on potential breakouts, with PUMP targeting $0.0035, SNX potentially rallying toward $0.73, and XCN aiming for $0.0098 if key resistance levels are broken.
(Source：BeInCrypto)