Attention: These 3 Altcoins Are On Whales' Radar!
As we enter the final stretch of the year, the crypto world is once again buzzing with activity. November is shaping up to be a crucial month, especially for large-scale investors known as "crypto whales." These prominent players are targeting specific altcoin projects with high growth potential, making strategic moves to seize potential gains. On-chain data analysis reveals which coins have captured the whales' interest, offering insight into the projects that all investors should keep an eye on.
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1. First Altcoin: Maker (MKR)
![Maker Protocol Image]
MKR Price: $1,185
Change: -3.1%
The first altcoin on the whales’ radar this month is Maker (MKR), the governance token of the Maker Protocol. In November, demand for MKR has surged, driven largely by significant whale interest. Data from IntoTheBlock indicates a positive shift in the whales' buy-sell balance for MKR, meaning that whales have been actively accumulating the token. For example, the net flow value on October 30 was around 85.67 million MKR, but in recent days, this has jumped to 5,660 MKR tokens—showing an additional 5,575 MKR purchased this week alone. Given the current MKR price, these buys represent an investment exceeding $7 million. If whales maintain this level of activity, analysts project MKR could surpass the $1,284 mark, highlighting its potential for short-term gains.
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2. Second Altcoin: Ripple (XRP)
![Ripple XRP Image]
XRP Price: $0.5041
Change: -1.33%
Ripple’s XRP is another altcoin making waves. October was a rough month for XRP, with prices down by 12% and whales staying cautious. However, after October 31, whales shifted their stance, with data from Santiment showing that they have bought up around 2 billion XRP tokens, translating to an investment exceeding $1 billion at current prices. Historically, this level of whale interest in XRP has often led to price increases. If this momentum continues through November, XRP could potentially reclaim its lost value. However, if whales reduce their purchases, XRP’s recovery could be short-lived. Investors should closely monitor XRP's trajectory in the weeks ahead.
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3. Third Altcoin: Pepe (PEPE)
![Pepe Coin Image]
PEPE Price: $0.00000838
Change: -5.73%
Finally, Pepe (PEPE) has caught the attention of whales. Once among the most popular meme coins, PEPE struggled through October, partly due to competition from other meme coins, which affected its liquidity. However, recent data indicates a sharp uptick in whale activity for PEPE, suggesting that large investors see recovery potential for the token this month. If whale interest remains strong, PEPE could push toward the $0.0000092 level. However, a sudden halt in whale purchases could reverse this trend, underscoring the importance of monitoring PEPE closely in November.
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As whales make their strategic moves, November promises to be an eventful month for these three altcoins. Investors would do well to keep an eye on MKR, XRP, and PEPE to take advantage of possible price movements driven by these influential players.
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