Whale wallet secrets: Altcoins that could explode in September

After the market-wide growth in July, the crypto space has witnessed a strong adjustment in August. Many digital assets have fallen into a sideways state within a narrow range or have turned bearish as trading activity has slowed.

This change has made retail investors more anxious, but on-chain data shows that "whales" are still actively accumulating, preparing for profit opportunities in September.

Arbitrum (ARB)

The Layer-2 token ARB is one of the names that whales are paying attention to. On-chain data recorded from August 24 shows that large wallets holding between 100,000 to 1 million ARB have accumulated a total of 2.1 million tokens.

The activity of "whales" ARB | Source: SantimentOn the chart, ARB has been trading sideways since mid-August, with strong resistance at $0.58 and support around $0.47.

If the accumulation continues, buying pressure may help ARB break through this resistance level and move towards $0.62.

Technical analysis of ARB | Source: TradingViewConversely, a slowdown in whale activity could weaken the support level of $0.47, triggering a bearish trend down to $0.45.

Uniswap (UNI)

UNI is one of the other digital assets that major investors are holding to profit in September.

According to Nansen, the top 100 UNI addresses have increased their holdings by 4% over the past week.

The activities of large holders | Source: NansenThe move to accumulate by this group of large wallets may encourage retail investors to join in, opening up opportunities to push the price of UNI towards $10.25.

Technical analysis of UNI | Source: TradingViewConversely, this token may face a bearish adjustment sliding down to $8.67 if selling pressure increases.

PEPE

The memecoin PEPE is attracting attention from crypto "whales" ahead of September. According to Santiment, large wallets containing between 1 million and 10 million PEPE have accumulated 2.18 billion tokens.

The activity of "whales" PEPE | Source: SantimentLarge accumulated volume indicates increasing interest from influential investors, suggesting that whales are preparing for a bullish trend. If the buying trend continues, PEPE could aim for $0.00001070.

Technical analysis of PEPE | Source: TradingViewOn the other hand, if demand weakens and selling pressure increases, this token may revert to $0.00000830.

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