CandleFocus What Crypto Whales Are Buying for Potential Gains in October
2024-09-27
Author: Content Editor
Crypto whales, large holders of cryptocurrencies, are accumulating assets with larger market capitalizations ahead of October. This aligns with the current institutional demand-driven cycle, as institutional players gravitate towards established and liquid assets. Ethereum (ETH) and Dogecoin (DOGE) are two of the coins being accumulated by whales. Wallet addresses holding between 10 million and 100 million ETH have added 910,000 ETH to their holdings, valued at $2.40 billion. DOGE's large holders have been increasing their holdings, with a 134% surge in net flow. Additionally, Telegram-linked Toncoin (TON) has caught the attention of whales, with a significant increase in large transactions. This whale accumulation is seen as a bullish signal that boosts confidence and leads to sustained price growth.
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