The crypto market witnessed a sharp decline after former President Donald Trump imposed a 100% tariff on Chinese imports. This led to liquidations totaling nearly $19 billion in just 24 hours. Despite the turmoil, on-chain data shows that significant crypto investors, known as whales, are taking advantage of the dip.

Whales have been buying Chainlink (LINK), Uniswap (UNI), and Dogecoin (DOGE), indicating a belief in a market rebound led by these altcoins. Notably, Chainlink emerged as a preferred choice for accumulation. According to Nansen, whale wallets holding over 100,000 LINK augmented their investments by 22.45%, adding approximately 0.76 million tokens, valued at $13.7 million.