Whales Load Up on PUMP, SNX, XCN After Supreme Court Ruling

After the US Supreme Court banned Trump’s tariffs, crypto whales are accumulating Pump.fun, Synthetix and Onyxcoin, according to blockchain on-chain data.

Key Facts

• The Supreme Court’s tariff ban shifted global market sentiment, and crypto whales began accumulating altcoins.
• PUMP whale holdings rose 1.16% in 24 hours to 12.23 billion tokens.
• Top 100 addresses increased SNX holdings by 1.47% to 312.22 million.
• XCN whale holdings climbed from 48.84 billion to 48.96 billion tokens.

Crypto whales are increasing holdings in select altcoins following the US Supreme Court’s decision to block former President Donald Trump’s tariffs, BeInCrypto reported on Feb. 21, 2026. On-chain data shows large wallet activity rising in Pump.fun (PUMP), Synthetix (SNX) and Onyxcoin (XCN) as market sentiment shifts with macroeconomic policy uncertainty easing.

Main Development

BeInCrypto’s Feb. 21 report indicates that after the Supreme Court struck down tariffs tied to Trump’s trade policy, large crypto investors (“whales”) appear to be positioning ahead of potential market liquidity shifts. The tariff ban is seen as easing inflation pressure and improving risk appetite, factors that can affect speculative assets.

Whale Accumulation Patterns

On-chain analysis shows significant accumulation: PUMP saw approximately 140 million tokens added in a day, SNX whales added about 4.52 million tokens (roughly $1.83 million), and XCN holdings increased by around 120 million tokens (about $612,000). These shifts occurred as whales increased exposure despite broader market volatility.

Macro Policy Influence

The tariff ban by the Supreme Court has been linked to improved market sentiment across risk assets, with stocks reacting first and crypto markets following. This backdrop may incentivize whales to take early positions in higher-beta altcoins.

source: beincrypto