Crypto Whales Are Stocking Up on CRO, SHIB, and BONK Ahead of US Senate Hearing

The cryptocurrency market is abuzz with strategic activity as major crypto whales ramp up their holdings in anticipation of today’s pivotal US Senate Banking Committee hearing on digital assets. With Ripple CEO Brad Garlinghouse and other industry leaders scheduled to testify, whale investors are aggressively accumulating Cronos (CRO), Shiba Inu (SHIB), and Bonk (BONK)—suggesting growing confidence in market growth and impending regulatory clarity.

Cronos (CRO) Leads the Whale Accumulation Trend

CRO, the native token of the Cronos Chain, has recently caught investors’ attention after Trump Media & Technology Group included it in its proposed ETF—the “Truth Social Crypto Blue Chip ETF.” The fund, which also includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, has fueled bullish sentiment around CRO.

As a result, CRO has seen a remarkable uptick in large-scale purchases. Data from Santiment indicates that wallets holding between 10 million and 100 million CRO tokens have collectively added 20 million tokens in just the past two days, bringing total whale holdings to 1.03 billion coins.

If this trend continues, analysts believe CRO could rally toward $0.104. However, a wave of profit-taking could send it dipping back to $0.085, making the coming days crucial for short-term traders.

Shiba Inu (SHIB) Draws Strong Whale Confidence

Not to be outdone, Shiba Inu (SHIB)—a meme coin with a massive retail following—has seen increased concentration among its largest holders. According to IntoTheBlock, whale addresses holding more than 1% of SHIB’s total supply have increased their holdings by 3%, now controlling a staggering 62% of all SHIB in circulation—roughly 603.3 trillion tokens.

This strategic hoarding indicates a high level of confidence among major investors. Historically, such whale accumulation often precedes bullish rallies, as retail investors follow suit driven by FOMO (Fear of Missing Out). If buying pressure persists, SHIB could surge toward $0.000013. Conversely, a dip in momentum may pull prices back to $0.000011.

BONK Gathers Momentum With Launchpad Activity

BONK, the popular meme coin on the Solana blockchain, is riding a wave of renewed interest thanks to a surge in usage on its LetsBonk launchpad platform. Whale investors are also eyeing BONK as a high-potential asset ahead of the Senate hearing.

Data from Moby Screener reveals that 11 whale addresses executed 70 large trades within the last 24 hours. Of those, 39 were buys totaling 3.17 billion BONK, compared to 31 sells totaling just 172.14 million tokens. This results in a net inflow of nearly 3 billion BONK, confirming that large players are actively positioning for favorable policy shifts.

Market Dynamics: Whales Accumulate, Retail Investors Cautious

This surge in whale activity across multiple tokens aligns with recent Glassnode data, which highlights a broader trend: whales holding more than 1,000 BTC are steadily increasing their holdings, while smaller investors are selling. This suggests a redistribution of crypto assets from retail to institutional hands, a phenomenon often preceding major market moves.

At the time of writing, Bitcoin (BTC) is trading at $108,773, up 0.70% over the last 24 hours. This aligns with growing optimism that the upcoming Senate hearing may deliver long-awaited regulatory clarity for digital assets, potentially serving as a catalyst for broader market gains.

As policymakers gather to discuss the future of crypto regulation, whales are sending a clear signal: the smart money is preparing for liftoff. Whether retail investors will follow suit remains to be seen, but one thing is certain—the stage is set for significant moves in the days ahead.