What Crypto Whales Are Buying After Powell's Speech at Jackson Hole

While the broader crypto market has recovered, with Bitcoin up 2.2%, Ethereum up 10.1%, and XRP up 6.5%, whales aren’t chasing every rally. Instead, large holders are moving selectively, focusing on Token they see as offering the strongest risk-reward ratio.

This divergence explains why some assets remain range-bound despite the broader market rally, while others are attracting large inflows. Tracking which coins crypto whales are buying after Powell’s speech at Jackson Hole provides a clearer picture of where large inflows are expected to drive next. Read on as we identify three such coins.

Cardano (ADA)

Cardano quickly joined the list of altcoins that crypto whales are buying as optimism grew around a possible September interest rate cut following Powell’s speech at Jackson Hole. While Ethereum and other major coins surged , ADA ’s rally was more steady, suggesting it may still have room to catch up.

On chain data shows renewed interest from “whales.” Wallets holding between 10 million and 100 million ADA increased their balances from 12.97 billion to 13.08 billion ADA in just 24 hours. That’s an addition of 110 million ADA, worth about $102 million at the current price of $0.93.

Cardano is one of the coins that crypto whales are buying: Santiment

Meanwhile, large “whales” holding more than 1 billion ADA moved earlier in August, increasing their number from 1.82 billion to 1.88 billion ADA; an increase of about 60 million ADA, worth nearly $55.8 million.

This accumulation size underscores the confidence of large holders that ADA could benefit strongly if the Fed confirms easing in September.

Cardano Price Analysis : TradingView

Price-wise, ADA is trading near $0.93, up over 8% in the past 24 hours, although still down slightly –2% on the week. Immediate resistance lies at $0.94 and $0.97, with a breakout potentially opening the door to the psychological $1 level.

Above that, limited resistance could take ADA to $1.23. However, a break below $0.82 would invalidate the short-term bullish setup, potentially shaking the confidence reflected in whale buying.

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Chainlink (LINK)

Chainlink is another name among the coins that crypto whales are buying , supported by widespread investor participation. In the past 24 hours, whales added about 64,674 LINK (nearly $1.69 million) to bring their holdings to 5.64 million LINK.

LINK “whales” are adding to their holdings: Nansen

Exchange balances fell 0.6%, signaling retail accumulation alongside whale activity, while smart money and top addresses also increased their exposure. Balances fell by about 1.59 million LINK, or about $41.6 million at the current price of $26.13.

LINK Price Analysis: TradingView

In terms of price, LINK has gained nearly 70% over the past three months and remains in an uptrend. The Token is currently testing the 0.618 Fibonacci retracement level at $26.76, which is considered a strong resistance. If that level is broken, LINK could climb to $30, with whales likely aiming for an extension target at $35.52.

Importantly, the bull-bear strength indicator has remained green for 17 consecutive sessions, confirming persistent bullish momentum that has been unusual in recent rallies.

With Powell signaling easier liquidation conditions, whales may be betting on LINK as a top-tier oracle play with solid technical support.

The Bull Strength indicator measures the strength of buyers by comparing the highest price of the day with a moving Medium , showing the extent to which investors were able to push the price above the Medium trend.

Morpho (MORPHO)

Morpho, a DeFi protocol that enables borrowing and lending through efficient vaults, is also attracting the attention of whales.

Over the past 24 hours, whale wallets have increased their holdings by 1.32%, bringing the total to 3.74 million MORPHO, now worth nearly $9.9 million at the current price of $2.64.

Morpho is one of the coins that crypto whales are buying: Nansen

At the same time, the exchange reserve decreased by 1.35% (currently 21.32 million MORPHO), reflecting the buying by retail investors.

Morpho has outperformed the broader market with a 9.4% daily gain and is up nearly 77% over the past three months.

On the chart, it recently broke above a key resistance level at $2.63 and is now aiming for $3.09, with a potential rise to $3.80 if the momentum is sustained.

MORPHO Price Analysis: TradingView

Longer term, Fibonacci extensions suggest a new all-time high at $4.57. The invalidation level lies below $2.18, where the bullish structure would flip to bearish.

With Powell hinting at a rate cut and DeFi poised to benefit from fresh liquidation , whales appear to be positioning Morpho as one of the breakout coins to watch.