One of the largest crypto whales took a big step when the market hit the bottom, as he bought a huge amount of altcoins totaling $35.7 million, as per Look On Chain. This whale seized the chance to consolidate their positions in some of the best assets at a time when many investors were either reluctant or selling in panic.

The portfolio consisted of a solid combination of old and new tokens like $ETH , $LINK , $ENA , $AAVE, $ONDO, $UNI, $SKY, and $LDO. This diversification indicates that they are to take a strategic approach and are confident not only in Ethereum but also in the market of the altcoins.

Such actions are usually indicative of long-term potential that the experienced investors perceive because of short-term fluctuations. Whales generally make purchases when the market is weak and their activity is occasionally indicative of an impending change in market sentiment.

Such a big inflow of altcoins into the dips has many people following the moves of this whale to determine whether this pattern is indicative of a greater movement of smart money setting up the next market bounce.