Whales Bet on Crypto Rebound Despite Market Dip!

The crypto market has faced a 4% decline in global market value over the past 24 hours. Despite this turbulence, some significant assets have attracted the attention of whales—major investors who often trade against prevailing trends. Why are these market giants confident in an upcoming rebound? Let’s explore their strategies and the data driving their bold moves.

Whales' Contrarian Moves

Whales play a pivotal role in the crypto market, often indicating future trends with their trading behaviors. Last week, while the market was down, these investors traded against the current, anticipating a market rise in the near future. Their strategy is based on a detailed analysis of on-chain data and market indicators.

Take Toncoin (TON) for instance. It experienced a 17% drop last month, but whales saw this as a buying opportunity. The market value/realized value (MVRV) ratio of TON shows it is currently undervalued, making it an attractive buy signal. These investors rely on solid data rather than mere speculation.

Santiment data reveals that the number of TON whales holding between 100,000 and 10,000,000 tokens has increased by 2% over the last month. This increase to record levels indicates a strong confidence in TON's potential.

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This new perspective and strategic approach by whales suggest a potential rebound in the crypto market. Stay informed and watch these market moves closely!