Crypto Whales Are SECRETLY Buying These 4 Altcoins

Do repost and rate:

And surprisingly they have been picking up 1 very surprising altcoin. Let’s find out which altcoins are are talking about!

1) AAVE

Whales have kicked off the week in high gear, and with the evident market cap boosts of several #altcoins today. Their impact is clear. , in particular, has captured the attention of these major investors.

Around $5 million USDT was employed to buy a range of altcoins, including Aave, with the whale acquiring 17,203 AAVE tokens at a price of $58 each. Despite potential fluctuations in AAVE’s current market value, this investment reflects a favorable outlook on the token.

Why the Interest in Aave?
  1. Aave V3 is on Coinbase. Aave’s users will be able to deposit and borrow Wrapped Ethereum], USD Base Coin, and COINBASE ETH on the Base platform. 
  2. AAVE is a leading DeFi protocol. It is one of the most popular and widely used DeFi protocols, with over $4.67 billion in total value locked (TVL). This means that there is a large and growing demand for AAVE tokens, which could drive up the price.
  3. Aave GHO Stablecoin went live a month ago.
  4. They also reduced gas fees by 20-25%.
2) IMX 

Our Next token today is ImmutableX’s IMX tokenWhales are showing keen interest in IMX due to the activation of its Immutable zkEVM Testnet, which has led to increased demand. This upsurge is a response to the growing popularity of Zero-Knowledge Proofs (ZKPs).

ZKPs allow the verifier and prover to validate claims. And also confirm transactions without disclosing the details of the information in use. Polygon has also advanced the use of ZKP. Immutable X uses zk-rollups to scale Ethereum’s limitations. So, IMX is bound to react to this. 

Another factor fueling whales’ interest in IMX could be the upcoming launch of a new game set to debut on the IMX platform

Curve Finance has been in the spotlight recently mainly because of the $47 million hack.  So, Curve is looking to make a comeback amid sustained whale accumulation and a prevalence of large transactions.

Santiment recently delved into Curve Finance’s on-chain metrics, revealing the project’s push to recover from a bearish phase.

Whale Accumulation Surge

What caught our attention was the sudden surge in whale accumulation. Those holding 10,000 to 100 million CRV tokens seem to have regained confidence, ramping up accumulation since the month’s start.

Increased Holdings and Transactions

Sentiment data shows these holders increased their combined holdings from 33% to 41% of CRV’s circulating supply over two weeks. Also, noteworthy is the flurry of large transactions, with three of this year’s biggest happening shortly after a hack on August 4th, and five transactions over $10 million in the past

4) COMP

So, here’s the last whale move of the day. In addition to the previously mentioned coins, Compound has also captured the attention of whales. This heightened interest could be attributed to Compound’s recent launch on the new Ethereum Layer 2 Base earlier this month. 

This integration enables users to leverage ether and Coinbase-wrapped staked ether as collateral for borrowing the newly introduced bridged stablecoin, named USDbC. This development has undoubtedly piqued the curiosity of these influential investors.

currently trades at $43.4. That’s all for today. Let us know your thoughts in the comments below.

 https://www.altcoinbuzz.io

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость

All content provided by the site, hyperlinks, related applications, forums, blogs, social networks and other information is taken from third-party sources and is intended for reference only. We make no warranties with respect to our content, including but not limited to accuracy and timeliness. No part of the content we provide is financial advice, legal advice or any other form of advice intended for any of your personal purpose. Any use of our content is entirely at your own risk. You should conduct your own research, review, analysis and verification of our content before relying on them. Trading is a very risky activity that can lead to large losses, so consult your financial Advisor before making any decision. No content on our site is a public offer or invitation to action.

This resource may contain 18+materials

© 2016-2024