The last quarter of the year is always a busy one in the crypto world. As we step into November, the big investors who shake the market, namely crypto whales, have also started to make their strategic moves. These big players, who do not want to miss investment opportunities, have their eyes set on altcoin projects with high potential to rise. Analysis based on on-chain data shows which coins attracted whales’ attention this month and which coins investors will follow.
Top Altcoin on the List: Maker (MKR)
The first altcoin to hit the whales’ radar was Maker (MKR) . MKR, the governance token of Maker Protocol, saw a significant increase in demand in November. According to IntoTheBlock data, whales’ buy-sell balance is increasing positively. This means that whales have been increasing their purchases of MKR in recent days. For example, while the net flow value was 85.67 million on October 30, this figure has now increased to 5,660 MKR tokens. In other words, they have bought approximately 5,575 MKR tokens this week alone.
When you calculate it with the current price of MKR, these purchases amount to an investment of over $7 million. If whales continue to buy throughout November, the price of MKR will rise above $1,284. This puts it among the coins with serious potential for profit in the short term .
Ripple (XRP)
Another notable altcoin is Ripple’s XRP. As we reported at Kriptokoin.com , the XRP price fell by 12% in October and whales avoided buying at that time. But after October 31, the picture changed. Santiment data shows that whales have purchased approximately 2 billion XRP since then. At the current price, this means a huge investment exceeding $1 billion.
This interest of whales in XRP usually causes the price to move upwards. If this wave of buying continues in November, it is said that XRP can recover its falling value. However, if whales stop buying, this expectation will be in vain. Investors see it useful to closely monitor how XRP will move during this period.
Altcoin 3rd on the List: Pepe (PEPE)
Finally, another altcoin that caught the attention of whales was Pepe (PEPE) . PEPE, which was once one of the most popular meme coins in the market, did not perform very impressively in October. The increasing popularity of other meme coins took away PEPE’s liquidity. But in recent days, there has been a noticeable increase in whales’ PEPE purchases. This shows that large investors believe PEPE can recover this month.
If these whale purchases continue, PEPE’s price will push the $0.0000092 level. Of course, if whales suddenly stop buying, the price will fall. That’s why it’s important to follow PEPE closely.
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