What are crypto Whales buying ahead of the FOMC interest rate announcement in July?

The Federal Reserve of America (Fed) will meet on July 29-30, and it is highly likely that there will be no interest rate cuts.

Inflation remains high and the job market is stable, so the Fed is likely to maintain its policy in the short term. However, September could be a different story.

Meanwhile, crypto "whales" have started to act, betting on the possibility of cutting down the whales in the future. Notably, they are not only buying Bitcoin or Ethereum but also investing in real-world asset tokens (RWA) and DeFi infrastructure.

Let's explore with Bitcoin Magazine what altcoins they are buying and why.

Ondo (ONDO)

ONDO represents the yield of real-world assets (RWA) that are tokenized, backed by U.S. government bonds and attracting significant capital flows ahead of the potential change in monetary policy.

In the past 24 hours, the amount of ONDO held by cutting down the whales increased by 20.45%, while the balance on the exchange only fell by 0.03%. This indicates that the whales are buying while retail investors are selling, even though the price of ONDO has decreased by 4% in the past 7 days.

Crypto whales buy ONDO | Source: NansenWhy do they buy when the price is weak? Because when interest rates fall (expected to occur in month 9), traditional assets with yields will become less attractive, and ONDO has the opportunity to become an alternative.

The allocation index is at 4, meaning that the majority of the supply belongs to large wallets and retail investors are not actively accumulating. This reflects a silent preparation with strong growth confidence.

Curve DAO (CRV)

The CRV token of Curve has also seen a 3.09% accumulation from whale investors in the past 7 days, while the price has increased by 11.2%.

Unlike ONDO, CRV is actually attracting capital. The balance on the exchange has decreased by 0.5%, indicating that the buying pressure is coming from long-term holders rather than just short-term traders.

CRV has received attention from whale investors | Source: NansenCurve is an important stablecoin trading platform in DeFi, particularly useful as the Fed pauses rather than reverses the fall in interest rates. Whales may see CRV as preparation for the recovery cycle of DeFi, especially if there is indeed a loosening move from the Fed in September.

Blockstreet (BLOCK)

The holding amount of BLOCK whales has skyrocketed by +13.44% in just 24 hours, and the token price has increased by more than 63% in the past 7 days.

Large wallets and prominent figures are increasing their positions, although some smart investors have taken profits early. The allocation and activity index of the top 100 wallets have all increased significantly, indicating that large capital continues to flow in.

Whales are accumulating BLOCK | Source: NansenBlockstreet developing a legally compliant DeFi platform linked to stablecoin USD1. In the context of "pausing but not reversing" monetary policy, whales are seeking options - considering both regulations and practical utility.

The modest decrease of -0.73% in the exchange balance indicates that there is no complete capital outflow from retail investors; instead, this may be an accumulation phase in the middle stage, with greater growth potential if retail investor sentiment reverses.

Keeta (KTA)

Keeta is a Layer-1 focused on tokenizing real-world assets, complying with legal regulations, and building on Base.

In the past week, the holdings of whales increased by 5.31%, while the balance on the exchange fell by 3.8%, indicating a quiet accumulation as traders withdraw tokens from the exchange. Although some individual investors are cutting down their holdings, large wallets and smart money continue to accumulate.

Whale investors are accumulating KTA | Source: NansenThe price of KTA has increased by 44.6% in 7 days and the allocation index is at 23, indicating that the ownership is relatively well distributed – a factor supporting price stability during market fluctuations.

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