What Crypto Whales Are Buying Ahead of Senate Hearing

Monicah W

The US Senate Banking Committee is scheduled to hold a hearing today. Top lawmakers will meet with Ripple CEO Brad Garlinghouse and other key industry figures to discuss the evolving structure of digital asset markets. 

Amid rising anticipation of more regulatory clarity, crypto whales appear to be making bold plays. On-chain data shows that large investors have ramped up the accumulation of CRO, SHIB, and BONK.

Cronos (CRO)

CRO, the native token of the Cronos Chain, has already made headlines this week after Trump Media & Technology Group named it in a proposed ETF. 

On Tuesday, the company submitted a filing for a new exchange-traded fund (ETF) named the “Truth Social Crypto Blue Chip ETF. ” The fund will hold a diversified portfolio of five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and CRO.

This has triggered renewed investor interest in the coin. The combination of ETF-related momentum and anticipation of more regulatory clarity has led to a noticeable uptick in whale confidence.

According to data from Santiment, large CRO holders—wallets holding between 10 million and 100 million tokens—have accumulated an additional 20 million CRO over the past two days, bringing their total holdings to 1.03 billion coins.

CRO Supply Distribution.
CRO Supply Distribution. Source: Santiment

If this trend of whale accumulation continues, it could provide the bullish momentum needed to push CRO’s price toward the $0.104 mark in the near term.

However, if profit-taking commences, CRO’s price could fall to $0.085

Shiba Inu (SHIB)

Leading meme coin SHIB is among the assets that crypto whales are buying ahead of today’s Senate hearing.  

Per IntoTheBlock, SHIB’s Historical Concentration shows a 3% increase in holdings by addresses with more than 1% of the coin’s total circulating supply. This means that the largest holders are tightening their grip on the meme coin, a sign of growing confidence among major investors.

As of press time, this whale cohort collectively holds 62% of SHIB’s total supply, amounting to 603.30 trillion tokens.

SHIB Historical Concentration
SHIB Historical Concentration. Source: IntoTheBlock

Typically, buying activity from large holders is seen as a vote of confidence. It prompts smaller investors to follow suit in fear of missing out (FOMO). As SHIB whales tighten their grip on the supply, the resulting scarcity can create upward price pressure, pushing its price toward $0.000013.

However, if bullish momentum wanes, SHIB could lose some recent gains to trade at $0.000011. 

Bonk (BONK)

The recent spike in activity on Bonk’s decentralized meme coin launchpad LetsBonk has sparked renewed demand for the token among both retail and whale investors. As excitement builds ahead of today’s US Senate hearing on digital assets, whale accumulation of BONK remains firmly underway.

According to data from Moby Screener, 11 whales have executed 70 large trades within the past 24 hours. Of these, 39 are buy transactions, totaling 3.17 billion BONK tokens, compared to 31 sells totaling just 172.14 million tokens. 

BONK Whale Trades
BONK Whale Trades. Source: Moby Screener

This has resulted in a net positive flow of 3 billion BONK over the past day. The accumulation trend confirms that whales are positioning ahead of a potential policy shift, signaling increased confidence in BONK’s near-term outlook.

The post What Crypto Whales Are Buying Ahead of Senate Hearing appeared first on BeInCrypto.

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Trump Reportedly Considers New Stimulus Checks: Will Crypto See Another 2020-Style Boom?

President Donald Trump is considering a new round of stimulus checks targeting low-income Americans, according to unconfirmed reports.

The unconfirmed reports say that the proposal is under review as part of broader economic support plans. Though still a rumor, the move might mirror pandemic-era relief policies that injected billions into American households.

What Are Stimulus Checks?

Stimulus checks are direct cash payments from the federal government to eligible citizens. They aim to boost spending and reduce financial stress during economic downturns or emergencies.

In 2020, under the CARES Act, individuals received $1,200, while joint filers got $2,400. The government followed up with additional rounds in December 2020 and March 2021.

Trump’s name was printed on the memo line of the first batch, drawing criticism for politicizing aid.

However, the payments helped millions cover essentials—and many others turned to investing.

Stimulus Checks and the 2020 Crypto Boom

A significant portion of recipients used their stimulus checks to buy cryptocurrencies, especially Bitcoin.

Data from Coinbase and Binance at the time showed a spike in $1,200 BTC purchases within days of the disbursements.

Retail investors flooded into crypto markets, helping drive Bitcoin from around $7,000 in April 2020 to over $60,000 by April 2021.

Altcoins like Ethereum, Dogecoin, and Uniswap also saw parabolic growth in the months that followed.

Stimulus-fueled buying coincided with the rise of Robinhood traders, NFT speculation, and the first wave of DeFi expansion. It was a retail-driven phase that brought millions into digital assets.

Potential Impact on Crypto in 2025

If a new round of checks is approved, crypto markets could see renewed retail activity. This comes as institutional flows into Bitcoin ETFs have slowed in recent weeks, leaving room for consumer sentiment to move prices.

Unlike 2020, the crypto space in 2025 includes more onramps, tokenized assets, and mobile-first investing tools.

So, this makes it easier for users to convert stimulus cash into digital assets, especially stablecoins and trending tokens.

The post Trump Reportedly Considers New Stimulus Checks: Will Crypto See Another 2020-Style Boom? appeared first on BeInCrypto.

Coinbase to List Worldcoin (WLD) Amid OpenAI Social Platform Rumors

Coinbase is listing Worldcoin (WLD), fueling rumors that OpenAI is going to launch its own social media platform soon. Sam Altman will give a live update on the World project today at 7 PM PST in San Francisco.

Both projects have been suffering setbacks lately. Worldcoin lost privacy battles in the EU, and centralized AI development faces rising costs and diminishing returns. This social media integration would bypass both problems for bullish returns.

Will OpenAI Use Worldcoin for Social Media?

Worldcoin, a project to verify human identity, has been gaining traction due to these rumors. When Altman first publicized today’s Worldcoin announcement, community experts began hypothesizing it would involve an OpenAI social media push.

Coinbase added Worldcoin to its listing roadmap today, and this timing is turning the OpenAI rumors into a full frenzy. Evidence connecting WLD to a new social media platform has so far been tangential, but this development seems undeniable.

One of the world’s largest exchanges chose to spotlight Worldcoin today, of all days. Anticipation is only building.

Following the Coinbase listing roadmap update, Worldcoin has recovered from an earlier decline, as WLD is up by 3% in the past hour.

Worldcoin (WLD) Price Chart on April 30. Source: TradingView

However, further price movements or a larger rally are probably on hold, as the market awaits confirmation of the OpenAI rumors. Still, if OpenAI does roll out a Worldcoin integration, it could have an explosive impact on price.

If nothing else, this integration would demonstrate Sam Altman’s uncanny ability to maintain investor interest. Recently, the centralized AI sector has been crunched by cost and efficiency concerns. Microsoft’s recent pullbacks from global data centers led to speculation that OpenAI might not be profitable.

Worldcoin, too, has been suffering legal setbacks. However, an announcement today would skirt around both these problems:

“Whether you love him or hate him, I think Sam Altman is a pretty genius product guy. People have been declaring OpenAI dead for a while and it keeps chugging. [Worldcoin integration] is an interesting speculation play, and [WLD] will very likely be the most prominent AI token,” DCInvestor stated.

Still, these rumors might turn out to be false. Until Sam Altman speaks tonight, no concrete link suggests that Worldcoin will be part of any OpenAI social media launch. Today’s presentation could substantially shake up crypto’s environment.

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