CandleFocus Crypto Whales Bought These Altcoins in the First Week of October 2024
2024-10-05
Author: Content Editor
The cryptocurrency market has experienced a decline due to geopolitical tensions in the Middle East, but crypto whales are continuing to accumulate certain tokens. Toncoin (TON), Ethereum (ETH), and Axie Infinity (AXS) have been favored by these large holders. Despite a 9% price decline, TON's large holders' netflow has surged by 1698% in the past week, indicating confidence in its price growth. Ethereum's value has dipped by 10% in the past week, but its negative market value to realized value (MVRV) ratio suggests a buying opportunity. Ethereum whales have added 200,000 ETH to their portfolio. AXS has also attracted whale attention, with a steady rise in large transactions indicating potential future price appreciation.
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