Do Whales’ Cryptocurrency Preferences Hint for the Next Rally?

Whale-watching site WhaleStats, which shares the token purchase information of whales, shared the top 10 tokens purchased by the largest 1,000 ETH wallets from its Twitter account.

The whales, who do not miss the declines in the crypto money market, are making significant and large amounts of crypto money purchases before the expected rise in the market.

After the explosion of Dogecoin, supported by Tesla CEO Elon Musk, investors’ interest in meme tokens increased. In the face of increasing interest, whales continue to accumulate the meme tokens they support.

The latest data from WhaleStats showing the purchases of the top 1000 Ethereum wallets shows that the meme tokens Shiba Inu (SHIB) and Dogelon Mars (ELON) were the most purchased tokens in the past 24 hours.

Do Whales' Cryptocurrency Preferences Hint for the Next Rally?

Noting that GALA, MANA and SAND are among the most purchased tokens in the last 7 and 30 days in his WhaleStats share, he states that metaverse and meme tokens are the leaders of the next bull rally.

The interest of whales in meme tokens and their intense purchase of SHIB are interpreted by analysts as the rise of meme tokens, which marked 2021, will continue in 2022.

The fact that Shiba Inu continues to be accepted by crypto money platforms also increases the adoption of the popular meme token. In the face of the positive developments on the Shiba Inu front, the whales, which received a rising signal in SHIB, continue their purchases.

*Not investment advice.

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