Whales Are Secretly Accumulating These 3 Altcoin Tokens!

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Crypto whales are one of the best tools to prepare your altcoin portfolio. Because it is a fact that whales play a big role in the market. Their movements may lead to price increases or has the potential to cause declines. Recently, it has been revealed that whales have shown special interest in 3 altcoin projects. crypto expert Lawrence Mike Woriji takes a closer look at these altcoins.

radar of whalesThe first altcoin in: Chainlink (LINK)

cryptokoin.comAs you follow from , the altcoin has seen a price increase of 9.20% in the last 7 days. This is because whales are active with this token. So, approximately 35 new addresses attracted 755,687 LINK ($5.08 million) in the last few days. This means they accumulate LINK.

This is a good altcoin project. So it makes sense that whales would be involved. Chainlink has a good track record and long-term value proposition. Chainlink is a leading decentralized Oracle network. It provides real-world data for smart contracts. One reason why whales are interested in LINK is that it is undervalued. LINK is currently trading around $7.47. This is a far cry from the all-time high of $52.88. Therefore, there is a strong possibility for LINK to gain value in the future.

More about LINK

Whales are once again bullish on crypto. It makes sense that they would show interest in LINK because of its value and in anticipation of a recovery. Prominent on-chain analyst Ali Martinez revealed that wallets holding 10,000 to 1 million LINK tokens have added four million to their cumulative supply since the beginning of September. This is an indication of an upward trend.

Fortunately, wealthy investors weren’t the only ones showing increasing interest in LINK’s prospects. Santiment data shows that retail investors, who make up a small portion of the whale’s assets, are also opening their wallets to buy more LINK. Individual accumulation provides useful information about a token’s attractiveness and potential for mass adoption. However, it is not a significant factor in short-term altcoin price increases. Meanwhile, LINK’s popularity on social media has also increased. Mentions of LINK on popular social platforms such as Telegram, Reddit and Discord have increased in recent weeks.

Whales’ second choice: Curve Finance (CRV)

CRV is second on our list today. CRV whale accumulation triggered a 12% price increase. The total volume of these whale transactions exceeded 50 million CRV tokens ($27 million). One of the transactions involves the wallet address β€œ0xDf14”. This whale received 5.12 million CRV from Binance, worth approximately $2.7 million.

That’s not all. The same wallet withdrew approximately 19.56 million CRV from Binance in the last three days. This corresponds to approximately 10.33 million dollars. It is interesting that this whale invested all his CRV assets in Convex, showing his unwavering belief in the potential of the token. These whale movements had a significant impact on the altcoin. Today, the token has experienced a massive 12% price increase, which can be partially attributed to the accumulation activities of these powerful players.

The recent resurgence of CRV in a harsh environment and the presence of active whales highlights its resilience and growth potential. Therefore, if the altcoin can maintain this momentum, it could be poised for a good run.

Last ranked altcoin: Arbitrum (ARB)

Investors continue to accumulate ARB tokens despite recent price fluctuations. This indicates a strong sense of investor confidence. Arbitrum recently welcomed Chainlink’s Cross-CCIP mainnet. This has been a boost for the ARB ecosystem.

ARB whalesArrivals have shown great support for the token recently. According to data from Lookonchain, a popular whale recently purchased 2.28 million ARB tokens worth approximately $1.86 million through FalconX.

Meanwhile, ARB dropped to $0.74 on September 11. This was part of the overall market disruption that also saw Bitcoin fall below $25,000 that day. However, the altcoin rebounded and garnered buyer interest at around $0.87 before dropping to a low near $0.82. Whales love ARB because of Arbitrum’s role in the Ethereum ecosystem. Arbitrum has added a cutting-edge feature that allows users to protect themselves against β€œPermanent Loss”.

The opinions and predictions in the article belong to the expert and are definitely not investment advice. Therefore, we recommend that you do your own research before investing.

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