STONK crypto’s most recent rally gained renewed support from whale accumulation, and stronger StonkFun revenue, along with improving derivatives across the market.

Whale demand strengthened after a large holder deployed $4.4 million USDC into STONK following its recent price advance. The trader purchased 15.06 million STONK at an average price of roughly $0.295.

The purchase notably placed significant whale demand around the $0.30 price area, where STONK encountered resistance. Therefore, rather than accumulating before the rally, the whale increased exposure after STONK had already recorded substantial highs.

The $0.295 entry also placed the whale’s position near the market’s immediate resistance area.  This positioning…