Although the cryptocurrency market has been volatile lately, the bold moves and investments of whales (big investors) continue to create activity in the market. In this article, we will talk about the altcoin project that has attracted the attention of whales recently and has invested a significant amount of money.
PENDLE, MAKER and FP attract attention
Despite the broad market selloff, Pendle (PENDLE) continues to attract investor interest. On-chain analysis platforms reveal a significant increase in whales’ accumulation of PENDLE. This shows that both confidence in the project and investments are increasing. Platforms such as Lookonchain and Spot On Chain detected that whales transferred PENDLE tokens worth millions of dollars. For example, wallets with addresses 0xe675 and 0xAa4c have withdrawn millions of dollars worth of PENDLE tokens from Binance in the last few days. 0xe675 attracted 295,443 PENDLE tokens, worth approximately $1.95 million, while 0xAa4c attracted 115,500 PENDLE tokens, valued at approximately $764,000.
Maker (MKR), the governance token of MakerDAO, recently approved increasing the debt limit for Ethena’s USDe synthetic dollar to $1 billion. This decision strengthens the cooperation between MakerDAO and Ethena and offers additional benefits to users. On-chain platforms reported that in one week, 13 new wallets withdrew 13,560 MKR from Binance, worth $47.8 million. $30.8 million of these shootings took place only in the last 12 hours. It is also estimated that three different wallets will withdraw more tokens soon after making test withdrawals of 0.0055 MKR.
Fren Pet is a Tamagotchi-like crypto mobile game built on Base. FP, the game’s native token, gained 45% in value in the last 24 hours, 90% in a week and more than 800% in a month. Crypto research company Nansen reported that whales are heavily purchasing the FP token. It was stated that a significant whale investor has been aggressively purchasing FP for the last 2 days. While the value of this investor’s total holdings exceeds $450,000, the return from his purchases is over 30% at the time of writing.
4 more altcoins attracted the attention of whales
Meanwhile, a cryptocurrency whale transferred 182.4 billion PEPE ($1.24 million), 351,520 CAKE ($1.31 million), 1.88 million MANA ($1.11 million) and 1.83 million SAND to Binance. He deposited ($1.09 million). The net income from these investments amounted to 5.4 million dollars. Another whale deposited 800 BTC ($54.6 million) on Binance just five minutes after March CPI inflation was announced.
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