Graphite Protocol (GP): Whale Accumulation Accelerates

Graphite Protocol, a utility token on the Solana blockchain, has emerged as a favorite among whales. Over the past 24 hours, whale wallets holding GP increased by 8.19%, now totaling 9.55 million tokens (valued at $3.44M at the current $4.76 price). This surge in accumulation likely reflects confidence in Solana's underlying strength, particularly as capital rotates out of Bitcoin.

Crypto Whales Buy GPWhale wallets boost GP holdings. Nansen

The top 100 holders grew their combined stash by 0.91% to 51.99M GP, while exchange reserves dropped by 22.09%—a classic signal of on-chain accumulation. Notably, GP's price surged 22.3% in the same period, defying the broader market downturn.

BONK (BONK): Solana’s Meme Coin Draws Strategic Buying

BONK, a meme coin native to the Solana ecosystem, is another asset attracting whale interest. Whale wallets added 55.43 billion BONK (+2.56%) in the last 24 hours, bringing their collective balance to 2.22 trillion tokens. At $0.00033 per BONK, this equates to roughly $18.55M in whale-held assets.

Cryptokitty and BONKBONK sees smart money inflows. Crypto Whales Buy GP.  Nansen

The top 100 addresses increased by 0.1%, and “smart money” wallets jumped 7.57%. Meanwhile, exchange balances dropped 0.52%, signaling that whales are moving BONK off centralized platforms—a traditionally bullish indicator. Although BONK's price has remained stable, this pattern of accumulation suggests whales are preparing for a potential Solana meme coin revival.

Popcat (POPCAT): Whales Buy the Dip

Popcat, another Solana-based meme coin, has seen notable whale accumulation despite a sharp drop in price. Over the last 24 hours, whales snapped up 1.58 million POPCAT, pushing the total held by large investors to 82.4 million. Interestingly, this accumulation comes even as POPCAT has declined over 17% in the same period—a classic “buy the dip” maneuver often seen before volatility spikes.

POPCAT sees whales piling upPOPCAT whale holdings surge.  Nansen

Spark (SPK): DeFi Infrastructure Attracts Long-Term Capital

While the main focus has been on Solana assets, Spark (SPK)—the native token of the Spark Protocol—has also become a favorite for whales. Over the past 30 days, whale SPK holdings surged by 202% to 3.59 million tokens (worth $466,700 at $0.13 per token). In the last 24 hours alone, SPK rose more than 24%, and “smart money” inflows increased by 248%, according to Nansen. Meanwhile, exchange balances dropped nearly 30%, signaling that whales are moving tokens to self-custody for long-term holding.

Crypto whales are interested in the Spark token (SPK) SPK accumulation highlights DeFi demand

SPK’s rising popularity is tied to its use in DeFi governance, real-world asset integration, and rapid expansion across multiple blockchains. Unlike many meme coins, SPK is viewed by whales as a long-term bet on DeFi infrastructure—suggesting that the next whale-favored altcoin cycle could be more about utility than hype.