Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Crypto Whales Show Confidence In These 3 Altcoins
ALTCOIN NEWS

Crypto Whales Show Confidence In These 3 Altcoins

By Crypto FlexsAugust 6, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Whales Show Confidence In These 3 Altcoins
Share
Facebook Twitter LinkedIn Pinterest Email

This week, crypto whales decided to buy some altcoins despite the lack of performance from last week. However, the clear accumulation shows confidence in the short-term potential of cryptocurrencies.

The reason is that these whales, who can influence the price, are not simply accumulating as they usually do, but are buying in large quantities at current price levels. The top three for the 4th week of July 2024 are Arbitrum (ARB), Ripple (XRP), and Ondo (ONDO).

Crypto Whales Buy Arbitrum Despite YTD Downturn

It may come as a shock to see Arbitrum included in the list of cryptocurrencies being bought by whales. This is probably due to the performance of the native token of the Ethereum Layer 2 scaling solution.

At the time of writing, ARB is trading at $0.73. While this is a fleeting increase over the last 24 hours, it is nothing compared to the 57.82% year-to-date (YTD) decline.

Regardless of the token’s price performance, crypto whales have been buying altcoins at levels we haven’t seen in a long time. According to IntoTheBlock, net flow from large holders has surged by a whopping 870.62% over the past seven days.

Read more: Who will own the most Bitcoin in 2024?

Arbitrum Larger Holders Netflow. Source: IntoTheBlock

This net flow is the difference between the inflows and outflows of large holders. If the difference is positive, it means that whales are accumulating more than they are distributing. However, if it is negative, it means that these large investors are selling more tokens.

It is still unclear why crypto whales have invested so much money in Arbitrum, but one thing we can point to is the approval of the Ethereum ETF, which market participants believe will lead to a brief surge in the price of blockchain-related tokens.

But the approval hasn’t yet affected the price, and only time will tell if it’s worth buying so many ARBs.

XRP Rise Again to $0.60 as Whales Confidence Increases

Next on the list of altcoins is XRP, which has been gaining favor in the market recently. According to Santiment, the number of addresses holding tokens has increased by 110 million since July 23.

During that period, the supply of this cohort was 37.99%. However, as of this writing, it has increased sharply to 40%, indicating increased whale confidence in the token. Such movements usually help the price to surge.

Read more: How to Buy XRP and Everything You Need to Know

Ripple Supply Distribution
Ripple Supply Distribution. Source: Santiment

Moreover, the 9.67% gain allowed XRP to recover to $0.60 as previously predicted. If whales continue to buy like they have been doing recently, the token’s value could increase even further in the coming days.

Significant whale activity brightens ONDO bullish forecast

The price of Temperature may have fallen 33.20% from its all-time high, but crypto whales seem to think the current price is offering a discount. The altcoin has seen high levels of institutional interaction and adoption over the past few months.

But data from IntoTheBlock suggests that the interest from big corporations and wealthy individuals may not stop anytime soon.

According to blockchain analytics data provider Netflow, a large ONDO holder, has surged by 1468.89% over the past seven days.

Temperature Large Holder Netflow
Ondo Large Holder Netflow. Source: IntoTheBlock

This means that holders who own between 0.1% and 1% of the total circulating supply have added more tokens to their balances. ONDO is trading at $0.98 after a slight price increase over the last 24 hours.

However, if whales maintain this trend, the token price could rise to $1.20, the level on July 1, 2024.

disclaimer

In accordance with the Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto strives to provide accurate and unbiased reporting, but market conditions may change without prior notice. Always do your own research and consult with a professional before making any financial decisions. We inform you that our Terms of Use, Privacy Policy, and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025
Most Popular

Coinbase supports Grayscale’s Ethereum ETF bid and highlights ETH as a commodity.

February 23, 2024

Here’s what happened in crypto today:

September 18, 2024

Bitcoin receives ‘whale game’ warning as BTC price eyes $40,000 US data.

December 2, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.