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Altcoin Rally: Whale Activity Boosts AAVE, ADA, and Other Favorites

Thu, 21 Nov 2024, 03:26 am UTC

Aave (AAVE): Whales' netflow surged by 1,000% this week as they accumulated AAVE, currently priced at approximately $182.95, partly due to interest following Donald Trump's recent election victory.

Cardano (ADA): Whales purchased about 130 million ADA, raising the total holdings and boosting the price to around $0.43, with a 25.31% increase, reflecting confidence in ADA's growth potential.

Avalanche (AVAX): Large holders shifted to buying AVAX, accumulating over $15 million worth as the price rose to about $28.20, a 12% increase, driven by news of BlackRock's potential tokenization fund.

Wormhole (W): Netflow increased by over 950%, showing substantial accumulation despite a price around $0.30, indicating potential for recovery.

Arbitrum (ARB): Whales acquired an additional 100 million ARB tokens, totaling approximately 1.53 billion ARB, with the current price at about $0.53, showing signs of recovery.

Kaspa (KAS): Kaspa saw a weekly gain of about 14% as whale interest grew amid speculation about potential listings, now priced around $0.11.

JetBolt (JBOLT): Gained attention from whales after its presale success, selling over 56 million tokens, primarily due to its zero-gas technology appealing to investors.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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