Last week, major whale activity was seen in the altcoin market, with large investors accumulating significant amounts of various cryptocurrencies. Here are the main points:
Whales have been very interested in Dogecoin (DOGE), collecting about $65 million worth even though the price is down lately. This suggests they expect a rise in 2025, especially with upcoming political changes in the U.S.
Kaspa (KAS) is also attracting whales because its unique technology enables fast transactions. Recent listings on exchanges have increased its visibility and popularity among big investors.
Toncoin (TON) is gaining attention as well, thanks to its connection with Telegram and its ability to handle many transactions. It’s becoming a leader in gaming finance (GameFi) and decentralized applications.
Fantom (FTM) is being collected by whales for its potential growth in the coming months, thanks to its unique features and strong performance.
Cardano (ADA) is another cryptocurrency that whales are showing interest in, reflecting ongoing curiosity about its development and possible uses.
Overall, this whale activity shows mixed feelings in the altcoin market. Some cryptocurrencies, like Dogecoin and Kaspa, are proving to be resilient despite challenges in the wider market. This trend of accumulation suggests that big investors are preparing for future price increases and new growth opportunities. As this situation develops, analysts and investors will keep a close eye on these changes in the market.