3 Altcoins Crypto Whales Are Buying Ahead of October Rate Cuts

After two sharp market drops this month, altcoins are again drawing attention from large investors. Despite broader caution, crypto whales appear to be positioning early for a rebound, buying key altcoins ahead of the expected October rate cuts.

With another Fed cut likely on the cards, three altcoins are quietly seeing strong inflows. Whales are buying these altcoins during dips, signaling early positioning and growing conviction.

Dogecoin (DOGE)

First on the list is Dogecoin (DOGE). It is one of the few altcoins seeing clear signs of whale accumulation even after a steep correction.

The meme token has dropped more than 34% in the past 30 days, but crypto whales appear to be buying the dip. This could be in anticipation of the October rate cuts.

According to on-chain data, the whale cohort holding 100 million to 1 billion DOGE began increasing their supply again after October 16.

Their combined holdings rose from 28.16 billion DOGE to 29.61 billion DOGE. This means they’ve added roughly 1.45 billion DOGE — worth about $268 million at the current DOGE price.

Dogecoin Whales Accumulate: Santiment

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

This renewed accumulation comes just as the daily chart shows a standard bullish divergence between price and RSI, a momentum indicator.

Between June 22 and October 10, DOGE’s price made a lower low, while the Relative Strength Index (RSI) made a higher low — often a sign of a potential trend reversal.

If Dogecoin can close a daily candle above $0.188 and $0.217, it could confirm recovery momentum. From there, the next resistance levels lie at $0.242, $0.269, and even $0.306 in the short to mid-term.

Dogecoin Price Analysis: TradingView

However, if the price slips below $0.170, the bullish setup could weaken.

With the FedWatch now showing a 100% chance of an October rate cut, whales appear to be betting on easing monetary policy.

There is now a 100% chance of an October interest rate cut