Crypto Whales Are Aggressively Accumulating Tokens From The Gaming and AI Sectors

The gaming and AI sectors have recently brought a significant shift to the crypto market, leading to broad accumulation activity.

Crypto investors are massively accumulating the popular crypto tokens amid the rising gaming and AI-led surge.

The on-chain analytics platform, Lookonchain, has revealed this large-scale crypto accumulation. According to the platform, a whale has acquired 2.53M $VIRTUAL tokens, amounting to nearly $2.66M at a price of $0.93.

Furthermore, the whale has also bought 1.48M $WLD tokens, which equals $1.73M at a price of $1.02.

Simultaneously, the whale has acquired 6.47M $GAME tokens, which amounts to $299K at a price of $0.04, and 303,574 $COOKIE tokens, which equals $40.7K at a price of $0.13.

Image: Lookonchain

This substantial interest from the whale in $VIRTUAL, $COOKIE, $GAME, and $WLD could be attributed to the ongoing trends in the gaming and AI sectors.

As these sectors continue to rise, more institutional involvement is expected, potentially shifting the crypto market in the process.

Earlier this month, a report by Goldman Sachs highlighted the potential of persistent interest from institutions in the crypto market. According to the report, institutions could become even more involved in the market if the bull market persists.

This involvement could take various forms, such as direct investment in cryptocurrencies or participation in decentralized finance (DeFi) protocols.

The report also noted that the crypto market has become more efficient over the past year, with lower volatility and increased correlation between different cryptocurrencies.

This increased efficiency could be a factor in the sustained interest from institutions, as they prefer to invest in markets that are relatively stable and predictable.output: Crypto investors are massively accumulating the popular crypto tokens amid the rising gaming and AI-led surge.

The on-chain analytics platform, Lookonchain, has revealed this large-scale crypto accumulation. According to the platform, a whale has acquired 2.53M $VIRTUAL tokens, amounting to nearly $2.66M at a price of $0.93.

Furthermore, the whale has also bought 1.48M $WLD tokens, which equals $1.73M at a price of $1.02.

Simultaneously, the whale has acquired 6.47M $GAME tokens, which amounts to $299K at a price of $0.04, and 303,574 $COOKIE tokens, which equals $40.7K at a price of $0.13.

This substantial interest from the whale in $VIRTUAL, $COOKIE, $GAME, and $WLD could be attributed to the ongoing trends in the gaming and AI sectors.

According to Lookonchain, the noteworthy surge in whale activity concerning $VIRTUAL, $COOKIE, $GAME, and $WLD highlights the heightened interest in the gaming and AI landscapes. Hence, a potential persistence in the uptrend of the respective sectors could likely lead to more institutional inclusion over time.