On the eve of the December 9–10 FOMC meeting, the market generally expects the Federal Reserve may cut rates by 25 basis points, providing a brief liquidity boost for risk assets. Although the overall crypto market declined by about 1.1%, whales have continued to build positions, with multiple on-chain data showing three major tokens as primary accumulation targets: Aster (ASTER), Pippin (PIPPIN), and Chainlink (LINK).
Aster was the most significantly accumulated token in the past 24 hours. Despite a 4% daily drop and over a 10% decline for the month, whales increased their holdings by 11.61%, bringing total holdings to 44.76 million ASTER, with the added value of about $4.34 million. Technically, ASTER is showing a hidden bullish divergence, signaling weakening selling pressure. In addition, the price is consolidating within a narrowing triangle structure; a breakout above $1.01 could lead to a test of $1.08 or even $1.40. Conversely, a drop below $0.89 may signal weakness, potentially falling back to the $0.84 range.
Pippin has also seen whale accumulation over the past seven days. Large holders increased positions by 18.2%, raising holdings to 350 million tokens, with new positions valued at about $9.75 million; the top 100 addresses also increased holdings by 3.96%. PIPPIN surged over 400% in the past month and is currently forming a “bull flag,” indicating the uptrend has paused but not ended. If PIPPIN reclaims $0.21 and $0.26 and breaks the key resistance at $0.34, the uptrend will be confirmed; a drop below $0.14 weakens the structure, and a break below $0.10 could trigger a deeper retracement to $0.08.
Chainlink has become the mainstream asset that whales are focusing on ahead of the FOMC meeting. In the past seven days, LINK whale holdings surged 28.93%, worth about $11.5 million; meanwhile, exchange balances fell 3.09%, reflecting ongoing capital flow onto the chain. LINK rose 12.5% this week, with a hidden bullish divergence appearing technically, indicating the uptrend may continue. A breakout above $13.72 and a solid close on the 12-hour timeframe could target $14.19 and $14.95; in a strong rally, even $16.25 is possible. If market sentiment weakens, the first support is at $12.97, with further support at $11.75.
As the FOMC meeting approaches, whale accumulation trends show they are betting on a rise in short-term risk appetite, and hidden bullish signals appearing across multiple tokens have the market anticipating volatility after the meeting.
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