The crypto market experienced a sharp surge in volatility this week as geopolitical tensions escalate in the Middle East.
However, the large holder, which is known to some extent as a crypto whale, remained a careful accumulation of carefully selected tokens with strong potential for rising. Top picks include Ethereum, Bitcoin Cash, and Litecoin.
Ethereum (eth)
Despite the slower price performance this week, Top Altcoin ETH is one of the assets Crypto whales purchased this week as the market navigates intense volatility. This is evidenced by Netflow, a large owner, over 7000%, over the last 7 days, for each Intotheblock.
Large-captain Netflow measures the difference in the amount of tokens a whale buys and sells over a specified period. Growth like this indicates a strong accumulation by whales, suggesting a stronger confidence and a bullish outlook for assets.
If this continues, Altcoin could begin a new rally phase beyond the $2,500 price region.
Bitcoin Cash (BCH)
BCH is another asset acquired by crypto whales amid the geopolitical unrest in the Middle East.
Data from Santiment shows an increase in coin retention for wallet addresses holding 1,000-10,000 BCH tokens. During the week of reviews, this cohort of BCH owners acquired 40,000 tokens, more than $19 million at current market prices.
Altcoin is currently trading at $485.76, up 5% in the past day, at $485.76 amid growing bullish sentiment across the crypto market.
dogecoin (doge)
Top Meme Coin Doge is attracting attention from crypto whales this week. Chain data from Santiment reveals a surge in accumulation by large holders holding 100 million to 1 billion Doges.
Over the past week, the group has collectively purchased 140 million Doges, with the total value of these purchases exceeding $24 million.
This surge in whale accumulation is a bullish signal for Doge’s upcoming outlook. If momentum accumulates, this wave of accumulation could lay the foundation for a short-term recovery or breakout from current price levels.
Disclaimer
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