CandleFocus Smart Money Moves: Whales Are Piling Into These Altcoins
2024-10-08
Author: Content Editor
In the past few days, several leading altcoins have experienced a surge in whale transactions, indicating potential changes in price and momentum. Cronos (CRO) and Circle's USDC saw significant wallet movements, while Aave (AAVE) gained on Optimism and Polygon. However, the prices of CRO, AAVE, TON, IMX, and ARB have all dropped in the past 24 hours and week. Stablecoins like USDC and DAI also saw a rise in whale activity, suggesting buyers may be preparing to reenter the market. Blockchain analysis platform Santiment advises investors to watch for coins with dropping values that suddenly see massive whale spikes, as these could be prime candidates for upcoming price surges and trend reversals.
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