Cryptocurrency traders and investors have been focused on the market sentiment and buying habits of whale investors. Recently, analyses have spotted an influx of buying on the altcoin DYDX, despite its turbulent market sentiment. According to an analyst's Twitter post, whale investors have poured in accumulations of over $24 million in DYDX over the past month.

DYDX has gained a 4.35% increase in its value, trading at around $2.45. Moreover, its market capitalization stands at $382,032,360, making it the 102nd biggest cryptocurrency in the world. It is currently trading higher than the likes of Osmosis (OSMO) and WOO Network (WOO), being placed at 101th and 103rd, respectively.

The 24-hour trading volume for DYDX has skyrocketed by more than 72% since yesterday, currently standing at an impressive $120,246,896. Even in its irregular market, DYDX has managed to gain a 3.13% surge against Bitcoin (BTC) and a 2.37% increase against Ethereum (ETH).

It's important to note that whales still invested in DYDX despite its tumultuous market. This is worth a closer look, and could open up potential stormy seas of opportunities for traders and investors. In any case, investors should always follow the fundamental rule; “Do your own research and due diligence before investing in any crypto project”, as Coin Edition and its affiliates will not be held liable for any direct or indirect losses.



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