The crypto market experienced a notable correction, leading to an increase in large transactions around leading cryptocurrencies. Bitcoin had a large transaction volume of $43.63 billion, while addresses holding Bitcoin for over a year increased their balance despite the price drop. Toncoin saw a surge in whale transactions, indicating panic and uncertainty among investors. Cardano, Wrapped Ether, and Ethereum also saw increases in whale transactions. There was also an increase in stablecoin whale activity, suggesting an overheated market. The global crypto market capitalization declined by 3.1% in the past 24 hours, but the daily trading volume surged. The market correction was expected after a bullish trend triggered by the "Uptober" trend and greedy traders.
- Content Editor ( crypto.news )
- 2024-10-22
Whale activity around leading assets skyrocketed, showing mixed signals