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White House Crypto Summit: Whales Are Buying These 3 Altcoins

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What will happen during the first ever crypto summit at the White House? Tomorrow, 7th March, is a highly anticipated day for crypto. The question is, what will the first ever crypto summit held by the White House bring? Is this a buy the rumor, sell the news event, or can we expect something more groundbreaking?

The current guest list looks interesting enough. Michael Saylor, Brad Garlinghouse, Brain Armstrong, David Sacks, and more. U.S. Commerce Secretary Howard Lutnick mentioned the Strategic Bitcoin Reserve. So, now the pendulum swings away again from a Strategic Crypto Reserve. However, other altcoins will be treated positively but differently. So, what altcoins are the whales buying in this scenario?

The White House First Ever Crypto Summit

Without a doubt, the White House’s first ever crypto summit promises to be a big thing. As already mentioned, Lutnick mentioned the announcement of a likely Strategic Bitcoin Reserve. 

Maxis from coins that can make it into a Strategic Crypto Reserve will prefer an SCR. However, most others will agree that a Strategic Bitcoin Reserve makes the most sense. Nonetheless, Lutnick also mentions something else. The work group may look upon other crypto assets “differently but positively.” 

So, Coinbase CEO Brain Armstrong is in favor of an SBR. On the other hand, Ripple’s Garlinghouse and Cardano’s Hoskinson will prefer an SCR. Both sides should be attending the summit, so this could be interesting.

Also, in my video from two days ago, I mentioned market manipulation by insiders. Check the video here. The person who was shorting $BTC with 50x leverage, changed his name to ‘March 7’. There’s no such thing as coincidence, right? Does this person know something that we don’t know?

So, as you can see, the summit raises many questions. However, I don’t have a crystal ball, nor can I read tea leaves. So, we will have to wait until tomorrow to find out what the summit will achieve. The way the Trump government is moving along with crypto, I do expect a positive outcome. So, let’s take a look at what whales are currently accumulating.

Ondo Finance ($ONDO)

The first in this list of altcoins is an RWA coin, Ondo Finance ($ONDO). $ONDO recently pumped hard. It’s 18% up on the day. The current $ONDO price is $1.18. 

It is to be expected that tokens in Trump’s World Liberty Financial’s treasury would pump. And most did. Besides $ONDO, $LINK is up by 9.8% and $MOVE by 19.8%. All other coins in that portfolio are also up. Keep an eye out for these coins. WLFi didn’t buy these coins to make a loss on them, that’s not in the nature of the Trump family.

For more detailed information on Ondo Finance, you can check the link I mentioned a moment ago. Here it is once more. But keep in mind that RWA is a booming sector. 

This confidence in RWA shows in this whale. He sold all of his $PEPE and $BEAM with a $14 million loss. Instead, he bought for the first time $ONDO, worth 5.35 million $ONDO or around $6.26 million worth of USD.

According to Larry Fink, BlackRock’s CEO, it will be a $30 trillion market by 2030. That’s a 1000x from where we are right now. Ondo Finance is one of the key players in this market. $ONDO offers a great entry point now.

Cardano ($ADA)

Cardano ($ADA) can’t be left out on this list of altcoins. It’s a ‘Made in USA‘ coin and one of the highest-ranking ones, measured by market cap. 

Charles Hoskinson is well-connected with the Trump government. However, he just stated that he’s not been invited for tomorrow’s summit at the White House. That is very surprising news.

It’s no wonder that whales are buying $ADA. During the pump phase of the recent pump and dump action on Sunday and Monday, $ADA fared best. It pumped by 60%. It’s currently still 42% up over the last seven days. Furthermore, it really seems like whales are currently stacking $ADA. 

No less than 5 million $ADA has been withdrawn from various exchanges. This indicates that whales prefer to have their $ADA in their own wallets. Rather than leave it on an exchange, where it can be swiftly traded if needed. In other words, it shows confidence.

Other whales bought 420 million $ADA over the last 24 hours. That’s a good $400 million USD.

The $ADA trading volume has also hit all-time highs. This is a sign that the current $ADA market is strong. $ADA trading volume is now better than during its ATH momentum of $3.10, over three years ago. With a price just under $1, this is another great entry point.

If you’re looking to buy one of today’s coins, look no further. BYDFi is one of the easiest places to find these coins. You can trade spot markets without KYC. Give BYDFi a try today and get some bonuses for opening an account.

Ripple ($XRP)

Last but not least, for today, Ripple and $XRP can’t be missing on a list of whales buying altcoins. Brad Garlinghouse, its CEO, is attending the summit tomorrow. He’s also in favor of a Strategic Crypto Reserve. He’s been lobbying for this for months.

In the list of ‘Made in USA‘ altcoins and coins, $XRP leads the charge. $XRP’s price action has also been positive since November last year. It keeps close enough to its seven-year-old ATH of $3.40. The current $XRP price is $2.57, only 40% away from its ATH. 

Whales have been loading up on $XRP. In the last 24 hours, they scooped up 1 billion $XRP. Another one just picked up 95.25M $XRP from OKX, worth no less than $237.2M USD.

$XRP and Ripple had the wind in their sails once the SEC stopped its long-lasting lawsuit. Ever since, it has been firing on all cylinders. On the other hand, there’s also plenty of criticism against Ripple and $XRP. Nonetheless, $XRP is still in the driver’s seat to see more positive price action.

So, what is your view on this White House Crypto Summit? Will it bring exciting news? An instigator for the bull run to continue? Are you stacking the coins that I mentioned today? Or did I miss your favorite one? Let me know in the comments and join our discussions on Discord and X.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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