Cryptocurrency whales generally have the ability to influence the market with the purchases and sales they make. This large group of investors, who have a big say in the market due to the size of their transactions, continued to make remarkable purchases last week. So, let’s see together which 3 altcoins the whales turned to this week.
Polygon (MATIC)
An important event will take place in the coming weeks. On September 4, the transition from MATIC, one of the market’s volume altcoins, to POL will take place, and this situation has been seen to attract great attention from whales during the week. This renaming situation in the market has brought about a 33% increase in the value of MATIC, and as a result MATIC It was among the most profitable cryptocurrencies of the week. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The price increase did not go unnoticed by whales, and the number of whale addresses holding between 1,000,000 and 100,000,000 MATIC tokens reached a one-month peak of 316. MATIC has risen by 32% in the last 7 days and is finding buyers at $0.5345 as of writing time.
Litecoin (LTC)
Over the past week, Litecoin On the (LTC) side, whales also made visible moves, reflected in the charts. Looking at the data provided by IntoTheBlock, it was revealed that the net flow of the coin’s major investors increased by 141% in the last seven-day period.
When there is an increase in the net flow metric, it is generally interpreted that whales are accumulating more coins, and this situation generally creates a positive impact on individual investors. Although a positive outlook in the net flow of large investors is not definitive, it can also be interpreted as a sign of a possible rally.
As of press time, LTC is finding buyers at $66.20. If accumulation by whales continues, the price could be seen rising above $70 and potentially reaching the next resistance level at $73.87.
Ethereum (ETH)
Finally, the most talked about group in the market Ethereum (ETH) whales have revealed that they continue to buy after the $ 2,700 price level has been exceeded. As of writing time, the ETH price is finding buyers in the $ 2,759 region. It is seen that ETH is moving away from the support level at $ 2,538 day by day.
The purchases of ETH whales also seem to have played a significant role in the price increase. According to data provided by Santiment, the number of whale addresses holding 10,000 to 100,000 ETH has increased to 1,008, a high after more than a month.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
