At the end of 2024, there is increased activity from whales in the cryptocurrency market – large investors whose massive transactions influence market movements. For traders monitoring their actions, this could become a great opportunity to earn with proper strategy adaptation.
The attention of whales has been drawn to several cryptocurrencies. Hyperliquid (HYPE) found itself in the spotlight after reports of an attack by North Korean hackers. Panic among holders caused the token's price to drop, which large players took advantage of. One of them invested $18.3 million in USDC to buy HYPE, anticipating a recovery in its value after the situation stabilizes.
Ethereum (ETH), despite trading 28% below its peak, continues to be a favorite among whales. This indicates their confidence in the growth potential of the second-largest cryptocurrency by market capitalization.
Another coin worth paying attention to is Chainlink (LINK). Several large purchases of this token have been recorded in recent days, highlighting the high interest of whales in the project.
Whales and meme coins, such as Fartcoin and PENGU, have not been overlooked. After recent airdrops, the prices of these tokens have fallen (for example, PENGU lost 50% of its value), but large investors see such moments as opportunities to buy with an eye on long-term profit.
To benefit from the actions of whales, traders should consider several key recommendations. First, regularly monitor large transactions – they may signal potential market movements. Second, always assess risks: the actions of whales do not guarantee profits, and it is important to conduct your own analysis before making decisions.
Portfolio diversification remains an important risk management tool. Distributing investments among different assets can help reduce the likelihood of losses. Additionally, keep your finger on the pulse of the news, as events like attacks on projects can significantly impact market dynamics.
The cryptocurrency market remains highly volatile, which means that success depends on the ability to quickly adapt to changes. Analyze the actions of whales, assess your risks, and do not forget about your own research. This will allow you to wisely take advantage of current opportunities to enhance your profits.$LINK