Amid increased market volatility, two big players have been seen scooping up considerable quantities of $ARKM and $MKR, leading to speculation that some hefty price action might be in the works.

On-chain tracker Eyeonchain has noted that the whales have made a couple of big buys of late, with one directing funds toward ARKM and the other plowing money into MKR. The backdrop for these whale activities is nonstop turbulence in the crypto market, which has many investors wondering whether these big buys might signal a turn in crypto’s overall fortunes.

Whale Activity: $ARKM Whale Making Big Moves

The first whale, concentrating on ARKM, has been diligently gathering and removing vast amounts of the token from Binance. Just in the last five hours, this whale pocketed an impressive 595,671 ARKM, translating to an estimated $434K at the price of $0.729 per token. This latest action comes on the heels of a number of withdrawals that date back to December 20, 2024, when the very same whale accumulated another 1.315 million ARKM at an average price of $1.055, which, in total, adds up to an invested amount of roughly $1.39 million.

Even with the substantial swings in the market, this whale is now down $384,000 on the total position, which equates to a 27.7% loss. Although the current market price is far below the average buy-in, this investor seems committed to a long-term hold strategy. They have not only endured the downturn but have also continued to pick up ARKM tokens during the recent price dip. Accumulation like this at a supposed market bottom could be a signal of quite a bit of confidence in the long-term potential of the token and an attractive entry point for the next bull market.

Accumulating ARKM comes at a time when many investors are cautious and uncertain about the market’s next move. For this whale, however, it appears that the ARK’s accumulation strategy is focused on long-term gains, even if the temporary short-term performance of the ETF wavers in the opposite direction. Will the market ultimately reward this strategy? We don’t know. But such large-scale purchases suggest that the whale is expecting a recovery in the ETF’s performance—or very substantial growth—pretty soon.

Whale Activity: $MKR Whale Makes a Bold Move

At the same time, another whale, working under the name 0xb4f or “chud.eth,” has been hard at buying up MKR, the native token of the MakerDAO ecosystem. In what has been for him a buying spree over the last 28 hours, this whale has made a number of three significant purchases via [the centralized exchange] Binance and the DEXs, bringing his total to 4,255 MKR. That comes to about $3.98 million worth of MKR, for which he has paid a per-token average of $966.3.

The latest acquisition happened only eight hours ago when the whale pulled 2,293 MKR—worth roughly $2.07 million—from Binance at a price of $904.03 per token. This happening has led some to wonder if the whale is placing a bet on MakerDAO’s success and stability. And if the whale is betting, it’s certainly a long-term bet. The whale is raking in tokens during a time when market uncertainty reigns.

While the MakerDAO ecosystem, noted for its decentralized stablecoin DAI, continues to face a number of challenges, its sustained growth and adoption may provide long-term benefits to users of the ecosystem and holders of MKR.

The recent acquisitions could reflect that this holder is acquiring a significant portion of MKR, opting not to directly influence the governance of the protocol, and signaling to others that the developments and updates being made within the MakerDAO platform might result in a future uptick in the price of MKR.

Are Big Moves Ahead?

The two whales in ARKM and MKR could signal significant upcoming shifts in the market. Seen as trendsetters, whales in the cryptocurrency space can bring about both sentiment and price movement when they make a significant move. Ambitiously, these two are continuing to supercharge discounted ARKM and MKR tokens, with both seemingly primed for accumulation at these levels. It almost seems like these two whales are daring the rest of the market to make a negative move before ARKM and MKR start walking back toward higher prices.

The whale’s ongoing buy-ins, even during a market downturn, suggest belief in the long-term value of the token. If the current market stabilization ushered in by the recent “Bull run” sees any sort of continuation and coming back of confidence, ARKM stands to rebound as a project.

We could see that happen; we could also see confidence return to a variety of projects where buy-ins have continued.

In the same way, the activity in MKR shows that there is significant interest in MakerDAO as a cornerstone project within the decentralized finance (DeFi) sector. With MakerDAO not only on the path to recovery but also possibly attracting more and more demand for its stablecoin, DAI, MKR is well positioned to lead a recovery in the DeFi sector and may see some nice price action in the coming months.

In totality, while it is too early to declare what the future holds, the accumulation strategies of the two whales suggest that they expect good things in the future for both ARKM and MKR. Naturally, the crypto market remains the epitome of unpredictability. Still, any crypto market participant ought to pay attention to what these two large-position holders do next as they continue to develop their next big thing along with these two quite interesting assets.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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