Altcoins
Crypto Whale Activity: $7.2M Flows Into 9 Altcoins as PUMP and ENA Face Selling Pressure
Oct 23, 2026, 08:32 UTC
Altcoins
Oct 23, 2026, 08:32 UTC
Oct 23, 2026, 08:32 UTC1 min read
Crypto whale activity is sending unusual signals across the altcoin market. One whale deployed $7.22 million across nine coins, including Ethena (ENA), while Pump.fun (PUMP) faces significant whale selling. Meanwhile, historical AAVE accumulation offers contrasting angles for us watching the market.
The reported buying spree, highlighted by blockchain analytics platform Lookonchain, shows some large investors are still finding opportunities in altcoins despite selling pressure elsewhere.
A whale bought ~$7.22M worth of tokens over the past 24 hours, including:378,129 $LIT ($1.4M)6.61M $ENA ($1.34M)3M $ONDO ($1.34M)1.154M $AERO ($948K)241.8 $ETH ($591K)2,944 $QNT ($589K)61,252 $UNI ($443K)1,387 $TAO ($368K)43.3B $PEPE ($195K) Lookonchain (@lookonchain) October 22, 2026
Lookonchain reported that the investor acquired 378,129 LIT worth $1.4 million, 6.61 million ENA valued at $1.34 million, and 3 million ONDO worth another $1.34 million.
The remaining purchases included $948,000 in Aerodrome (AERO), $591,000 in Ethereum (ETH), $589,000 in Quant (QNT), $443,000 in Uniswap (UNI), $368,000 in Bittensor (TAO), and $195,000 in Pepe (PEPE). The portfolio spans decentralized finance (DeFi), tokenized real-world assets, and meme coins.
While one investor accumulated ENA, separate whale trackers flagged selling pressure in both ENA and PUMP.
PUMP saw $13.2 million in net whale selling over 24 hours, with $20.5 million sold against $7.3 million bought. Its seven-day net selling figure reached approximately $77.9 million, suggesting that large-holder distribution remains a concern.
ENA presents a more complicated picture. We tracked wallets recorded $27.5 million in distribution-side flows against $22.7 million in accumulation-side flows over 30 days, leaving approximately $4.8 million in net distribution. The $1.34 million ENA purchase stands out against the distribution trend.
For those monitoring crypto whale activity, the gap is to be questioned. Continued PUMP selling could weigh on sentiment, while ENA’s competing accumulation and distribution signals leave its next move less certain.
