In the cryptocurrency world, whales’ investment preferences can have major effects on the markets. Recently, the focus has shifted to altcoins such as Ethereum, Pepe coin and ONDO. This movement provides important signals about potential price increases and rising investor confidence. Here are the details…
Whales focused on PEPE coin, ETH and ONDO
Whales accumulating large amounts of cryptocurrency is generally considered a sign of an uptrend. This situation can increase the confidence of other investors, increase buying pressure and contribute to the increase in prices. The intense interest in Ethereum, Pepe and ONDO in the past period has once again revealed this situation.
Ethereum continues to attract attention as one of the leading altcoins in the cryptocurrency market. The increase in Ethereum purchases by large investors has reached remarkable levels recently. According to the data, there has been a significant increase in Ethereum accumulation by large investors. This situation shows that whales have started to accumulate ETH and creates an expectation of a potential price increase.
PEPE coin whale continues to pile
On the other hand, whale activity continues in the meme coin Pepe, which attracts attention with its fun character. The increase in whale addresses shows that investors continue to show interest in this coin. The 12 percent increase in whale addresses in the recent period is particularly striking. However, it is stated that Pepe’s price is currently overvalued. This situation may cause investors to sell in order to realize profits and may create downward pressure on the price.
Expectation of increase in altcoins
Whales are also seen buying in ONDO, the management token of Ondo Finance. The interest of large investors in ONDO can be evaluated as a positive signal for the future of the coin. If this trend continues, it is predicted that there may be a significant increase in the price of ONDO. On the other hand, the CEO of another analysis platform, CryptoQuant, predicts a general upward trend in altcoins. It is stated that whales are particularly focused on altcoins such as Cosmos, Polygon, Cardano, Ripple, Chainlink, Dogecoin and Chiliz. The increase in limit buy orders in these altcoins indicates that strong buy walls have formed.
These moves by whales may be the beginning of an exciting period in the cryptocurrency market. However, investors need to be careful. Markets can change rapidly and prices can make unexpected movements. Therefore, investment decisions should be made based on detailed analysis and risk management. Since the cryptocurrency market has high volatility, investors need to be careful. It is important to do detailed research and get professional investment advice before making any investment decisions.
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