Crypto Whales Show Major Interest in Four Altcoins: Analyst Altcoin Buzz Analysis
Bitcoin has made a strong recovery from its recent losses, but it seems that crypto whales are now turning their attention to four specific altcoins that have caught their interest. Analyst Altcoin Buzz has highlighted these altcoins in his latest analysis, suggesting a positive outlook for their future performance.
The first altcoin on the list is Arbitrum, currently priced at $0.73. Despite a 57.5% decline on a year-to-date basis, Arbitrum has seen a significant increase in large holders’ net flow, jumping by 87% over the last seven days. Whales are interested in Arbitrum due to the potential for a price surge after a significant decline and increased institutional interest and adoption.
Next up is XRP, priced at $0.60. Large holders have shown a growing interest in XRP, with the number of addresses holding 100 million to 1 billion XRP tokens increasing since July 23rd. The supply has also risen from 38% to 40%, indicating growing confidence among large investors. Whales are attracted to XRP due to positive market sentiment, potential for regulatory clarity, and a significant increase in accumulation by large holders.
Ondo, priced at $1, is the third altcoin on the list. Despite being down 33% from its all-time high, Ondo has attracted considerable attention from crypto whales who view the current price as a discount. Data from IntoTheBlock shows high levels of institutional interaction and adoption, making it an attractive option for whales looking for potential price recovery and strong institutional interest.
Lastly, Cardano, priced at $0.42, has seen a massive surge in large holders’ inflow, spiking above the $5 billion mark in just one day. ADA is currently up 31% from its July 5th low of $0.31, indicating a strong bullish trend. Whales are interested in Cardano for its major price recovery potential and the accumulation of more ADA by large holders in anticipation of a full-blown recovery.
Overall, these four altcoins have caught the attention of crypto whales for various reasons, including potential price surges, institutional interest, and strong bullish trends. It will be interesting to see how these altcoins perform in the coming weeks as whales continue to show interest in them.
