These 5 Cryptos Catching the Whales' Attention

Even before the Bitcoin spot ETF was officially approved in early 2024, a major event occurred behind the scenes: whales started quietly accumulating BTC.

In the ever-evolving realm of cryptocurrency, the actions of whales—investors wielding large capital amounts—often provide valuable insights into market trends. As Bitcoin’s spot ETF was finally approved early this year, another major event occurred behind the scenes: whales began quietly accumulating BTC.

But even before the Bitcoin (BTC) spot ETF was officially approved in early 2024, a major event occurred behind the scenes: whales began quietly accumulating BTC. After a period of relative inactivity following the cryptocurrency winter of 2022, large investors, also known as whales in the crypto space, started making significant moves again in the final quarter of 2024, focusing their attention on four specific cryptos.

This early buying frenzy turned out to be the smartest market decision as, later on, the price of BTC increased significantly, and several other cryptos also followed suit.

Today, we are witnessing the same phenomenon, but this time, it’s not Bitcoin. Three altcoins are drawing massive interest from whales, with savvy investors positioning themselves ahead of what could be a new series of explosive rallies.

Dogecoin (DOGE) : The Return of Whales’ Interest in the Leading Memecoin

Dogecoin (DOGE) is once again attracting massive attention from whales. In just two days, whales accumulated 1.83 billion DOGE, which is equivalent to over 640 million dollars.

Technically, Dogecoin’s price is currently trading at the bottom of a long-term ascending channel, aiming to reclaim the $0.30 level. If this happens, it could pave the way to its all-time high of $0.74.

#Dogecoin $Doge Prepared for next leg! pic.twitter.com/HWxNxyqtME

— Marhya (@MarhyaL) August 28, 2024

Combined with a historical MVRV ratio indicating trend reversals, DOGE is showing all signs of an imminent significant bullish breakthrough.

Cardano (ADA) : Positive Technical Signals and Growing Whales’ Interest

ADA recently crossed $0.70 for the first time in several weeks, supported by strong technical signals and rising volumes. As a result, big investors are getting interested again. Wallets holding millions of ADA now control over 50% of the supply, a clear sign of growing whales’ interest.

$ADA could teleport to $1.15 soon🤯https://t.磯辺焼屋で有名

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