❓ What did crypto whales buy last week?
Despite the volatile market, crypto whales have been actively accumulating certain altcoins:
⚫️#Litecoin ($LTC): One of the oldest altcoins, $LTC saw a significant increase in large holder inflows, according to IntoTheBlock. This indicates that whales have been accumulating more $LTC than they’ve been selling.
⚫️#Polygon ($MATIC): Data from Santiment shows that addresses holding between 100,000 to 1 million tokens and 10 million to 100 million tokens have increased their $MATIC reserves significantly. Whales seem to be positioning themselves ahead of the upcoming transition to $POL, set for September 4.
⚫️#Avalanche ($AVAX): The native token of the Avalanche blockchain saw a 36% rise in large holder inflows. However, $AVAX has been experiencing a price drop, likely due to the upcoming token unlock scheduled for August 19.
🐋Whales appear to be positioning themselves strategically amid both upcoming events and market dips.
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