⚡ Which coins are crypto whales betting on?
Geopolitical tensions in the Middle East have caused market volatility. Despite this, crypto whales have continued to accumulate some tokens.
Toncoin
According to IntoTheBlock, net inflows from major TON holders have increased by 1,698% over the past week.
Large holders are defined as addresses that hold more than 0.1% of the asset's circulating supply. The increase in net inflow indicates that they are buying more coins than they are selling, and signals the whales' confidence in the future dynamics of $TON.
Ethereum
The 30-day and 90-day MVRV ratios are currently -3.69% and -12.51%, respectively.
MVRV, a negative market value to realized value ratio, indicates a good time to buy.
Whales holding 10,000 or more coins took advantage of the opportunity and purchased 200,000 $ETH worth $476 million over the past 7 days.
Axie Infinity
$AXS, the native token of the Axie Infinity play-to-earn platform, has also attracted the attention of crypto whales. Despite the asset’s decline, the number of large transactions continues to increase.
According to Santiment, the number of transfers worth more than $100,000 has been growing since September 30. If big players are actively buying $AXS, a rally could be around the corner
