Zcash (ZEC) (Photo: Shutterstock)

Ahead of June, crypto whales increased their accumulation of Worldcoin (WLD), Zcash (ZEC) and Uniswap (UNI).

On May 29, blockchain media outlet BeInCrypto reported that on-chain data showed continued net whale buying in these tokens despite mixed market signals.

Worldcoin stood out most. After a recent 11 percent plunge, it traded around $0.30, but whales treated the drop as a buying zone rather than a signal to exit. Since May 26, off-exchange whale holdings of Worldcoin rose to 9.57 billion tokens from 9.54 billion. That amounts to an added 30 million tokens, worth $9 million at current prices.

Accumulation continued despite the price correction because of signs of a technical rebound. From March 14 to May 28, Worldcoin made lower lows while its relative strength index (RSI) made higher lows. The outlet described this as a "bullish divergence", a pattern that often appears before a trend reversal or a meaningful rebound.

Zcash was classified as a token that pulled privacy coins back into focus, rising 60 percent in a month. In this token, however, whale views were split. Over the past 24 hours, regular whales increased holdings by 14.55 percent, buying an additional 477 tokens for a total of 3,753. By contrast, mega whales in the top 100 addresses cut holdings by 7.4 percent. Exchange balances also fell 5.44 percent, indicating retail investors moved in a similar direction to regular whales.

Uniswap was also a token where whale accumulation was confirmed. Uniswap fell 7 percent over the past month and 15 percent over the past week, hovering around $3.06. Despite the apparent bearish move, off-exchange whale holdings rose to 782.81 million tokens from 781.01 million starting May 28. That is an inflow of about 1.8 million tokens, worth $5.5 million at current prices.

Uniswap also showed a rebound pattern similar to Worldcoin. From Jan. 20 to May 28, the price made lower lows while RSI made higher lows. The outlet noted that earlier this year, the same bullish divergence appeared first and Uniswap then rose 19 percent. The key support level is now $2.97. It said that if the token holds that zone and regains $3.25, the chart structure could turn bullish again.

The move is drawing attention because off-exchange holdings shifts and chart signals appeared together rather than reflecting only expectations for a price bounce. The outlet added that all three tokens have clear key support and resistance levels, and early June market direction will hinge on whether whale accumulation leads to an actual trend reversal.

Keyword

#Worldcoin #Zcash #Uniswap #RSI #BeInCrypto
Copyright © DigitalToday. All rights reserved. Unauthorized reproduction and redistribution are prohibited.