CandleFocus

Crypto Whales Bought These Altcoins in the Fourth Week of October 2024

Crypto whales have been increasing their exposure to altcoins despite the lackluster performance of the crypto market. The top altcoins targeted by whales this week include Immutable (IMX), Pendle (PENDLE), and Injective (INJ). IMX saw a significant increase in net flow held by large investors, which could be linked to an upcoming token unlock. INJ also experienced accumulation by whales, potentially in anticipation of a price increase or speculation of a merger. PENDLE saw a positive return this week and whales bought the token, possibly following a "buy the dip" strategy. The buying activity of these altcoins could lead to price rebounds or upward moves if it continues.

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