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Home»ALTCOIN NEWS»According to analysts, whales have suddenly accumulated $346 million worth of the top 10 altcoins in just one week.
ALTCOIN NEWS

According to analysts, whales have suddenly accumulated $346 million worth of the top 10 altcoins in just one week.

By Crypto FlexsJuly 3, 20242 Mins Read
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According to analysts, whales have suddenly accumulated 6 million worth of the top 10 altcoins in just one week.
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According to a prominent crypto analyst, deep-pocketed investors are suddenly buying up one of the top 10 altcoins.

Cryptocurrency strategist Ali Martinez told her 66,200 followers on social media platform X that whales had been swiping up the native tokens of layer 1 blockchain TONcoin (TON) in the past week.

“Whales bought over 45 million TON coins last week, worth about $346.5 million!”

Source: Ali Martinez/X

At the time of writing, Toncoin is trading at $7.77, up about 2% over the last 24 hours.

The analyst then said that the Tom DeMark (TD) Sequential indicator, which traders use to gauge potential reversal points in an asset, is signaling a rebound in top meme coin Dogecoin (DOGE).

“TD Sequential shows a buy signal on the Dogecoin 3-day chart, predicting a 1-4 candlestick bounce of DOGE!”

video
Source: Ali Martinez/X

At the time of writing, DOGE is trading at $0.123, down about 3% over the last 24 hours.

Finally, the analyst says the TD Sequential indicator is also showing bullishness for Ethereum (ETH).

“TD Sequential shows a buy signal on Ethereum 3-day chart, predicting ETH to bounce 1-4 candlesticks!”

video
Source: Ali Martinez/X

At the time of writing, Ethereum is trading at $3,448, down 1.62% from the previous day.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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