Polkadot Whales Gobble Up $133M in DOT as $10 Breakout Looms

Big money moves behind the scenes as Polkadot's largest holders make their play.

Whale Watching Season

Deep-pocketed investors just snapped up $133 million worth of DOT tokens in a coordinated accumulation spree. The timing suggests serious confidence in Polkadot's infrastructure plays—or perhaps they know something the rest of us don't. Typical crypto insider behavior, really.

Price Pressure Building

All that buying power creates intense upward momentum toward the crucial $10 resistance level. Break through that barrier, and we're looking at uncharted territory for DOT's valuation. The whales aren't just betting on a bounce—they're positioning for a full-blown paradigm shift.

Meanwhile, retail investors keep chasing meme coins while the actual smart money builds positions in real infrastructure. Some things never change in this beautifully irrational market.

• Polkadot whales accumulate 133 million DOT (~8.3% of total supply), hinting at major institutional interest.
• DOT price rises 2.07% to $3.85, with 24-hour trading volume of $518.91 million and market cap of $6.20B.
• On-chain data shows significant wallet activity; only 23M DOT staked, possibly for custodial or long-term holdings.

Polkadot (DOT) has shown renewed momentum in the market. At the time of writing, DOT is trading at $3.86, supported by a 24-hour trading volume of $518.91 million and a market capitalization of $6.20 billion. The token price has risen by 2.78% over the last 24 hours.

Top Polkadot Accounts Show Major Accumulation Moves

On-chain data presented by crypto analysts Alice und Bob reveals significant action within the top 50 Polkadot accounts. One prominent point of interest is a Binance cold wallet that routinely moves tokens to and from a hot wallet approximately every two weeks.

It has reportedly accrued 133 million DOT, representing 8.3% of the total token supply. Notably, only 23 million DOT of this holding is currently staked, prompting speculation that the wallet may be in use as a custodial reserve, possibly for institutional clients.

Analysts also pointed to a sharp 20 million DOT increase around November 2024, adding more fuel for speculation about whether dominant players are quietly preparing for long-term development.

Polkadot Gains May Be Fleeting Amid Weak Chart Setup

Prominent crypto analyst More Crypto Online pointed out that even when viewed positively, it is difficult to form a strong case for a long-term bullish scenario at this stage.

The analyst elaborated that DOT’s 2021 peak gave way to a definite 5-wave downturn into 2023, leaving the chart in a weakened configuration. If DOT manages to hold above its June low, the price could target the $5.33–$8.84 region, considered a potential wave 2 rebound. Under highly favorable conditions, the price could rise as high as $10.15–$21.40, forming a much larger corrective wave.

Yet the analyst cautioned that unless there is a definitive 5-wave ascent, gains are likely fleeting and corrective, not evidence of a full-scale market reversal.

Polkadot Derivatives Show Mixed Signals

The derivatives segment of Polkadot is showing a divergent trend. Trading volume dropped sharply by 25.40% to $404.04 million, indicating reduced trading activity. Open interest, however, ROSE by 1.71% to $477.31 million, indicating that stable positions are still being held.

Regarding sentiment, the OI-Weighted funding rate is 0.0099%, which indicates a slight long position bias. This shows that despite the volume slowdown, investors still anticipate some upside. The rate is modest but reflects mild Optimism among derivatives merchants.