3 Cryptos Smart Money and Whales Are Quietly Accumulating

Jakarta, Pintu News – Citing a BeInCrypto report, large token holders have quietly changed the market flow on three altcoins: PERP, GRIFFAIN, and MNT.

Recent data from Nansen shows that whales and large wallets are accumulating millions of tokens, although price movements are still fluctuating.

Accumulate PERP as Price Weakens

On September 21, the 25 largest holders of Perpetual Protocol (PERP) added 1.33 million PERP. The inflow was worth about $409,000, or 25 times the daily average. The balance on the exchange fell by almost 3.8%, signaling a withdrawal to personal wallets.

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This accumulation occurred when the price of PERP briefly fell to $0.265 before rising back to $0.315. This shows that whales are buying when prices are weak and driving the recovery. However, the level of concentration is still high as the top 100 wallets control 55% of the total supply.

Whale GRIFFAIN Starts In

On September 21, 2025, the 25 largest holders of GRIFFAIN increased their holdings by 3.45 million tokens. This movement was worth about $135,000, or almost six times the average daily inflow. The balance on the exchange decreased slightly, while the whale wallet balance increased by 7.7%.

The price remained in the $0.038 range, showing resilience despite Smart Money trimming its holdings by 2.5%. Retail demand was able to absorb the outflow, while large holders took positions for potential upside.

With almost the entire supply already in circulation, the whale movement is now a very crucial signal.

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Smart Money Exits MNT

Mantle (MNT) showed the most striking difference. As of September 21, Smart Money wallets sent $2.33 million to exchanges, slashing balances by 5%. Wallets belonging to public figures reduced exposure by almost 47%, while whales decreased holdings by 6.8%.

However, the price of MNT increased from $1.67 to $1.71. The market was able to absorb the selling pressure, but the balance on the exchange increased. This shows that whales and smart money are capitalizing on the rally to take profits, while retail traders are bearing the risk.

Overall, these three altcoins show how large holder behavior drives price action behind the scenes. PERP and GRIFFAIN saw accumulation during price weakness, signaling confidence from large investors.

Instead, MNT highlights the distribution when the price strengthens, a warning for short-term traders.

This kind of data remains important for investors who monitor market flows. Following where the big holders are pouring capital gives a clearer picture than just looking at prices alone.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Altcoins: Top Holders Are Quietly Buying Up. Accessed on September 26, 2025