Whales, or investors who own significant amounts of digital assets, continue their strategic activities in the market. Here is the latest information on their activities:
Shiba Inu (SHIB) and Pepe (PEPE) for sale
According to the latest data, some whales decided to sell significant amounts of SHIB and PEPE tokens. Data from Etherscan indicates that one wallet sold 400 billion SHIB when the price of this cryptocurrency fell to around $0.0000239. In addition, another address transferred 150 billion PEPE to the Binance exchange, which may suggest an intention to sell.
New Project Investments – Wall Street Pepe (WEPE)
Whales are also paying attention to new initiatives in the cryptocurrency market. An example is Wall Street Pepe (WEPE), which has raised over $30 million in a dozen or so days of pre-sale. This project aims to democratize cryptocurrency trading by offering retail investors tools previously available only to big players.
Accumulation of altcoins
Despite the sale of some assets, whales continue to accumulate selected altcoins. The past week has seen increased purchases of cryptocurrencies such as JasmyCoin (JASMY), XRP, and Polygon (POL). Whales have purchased 44.52 million JASMY tokens worth $1.38 million, 150 million XRP tokens, and 5.11 million POL tokens. These actions suggest confidence in the potential of these projects for future growth.
Market Impact
The actions of whales have a significant impact on the cryptocurrency market. Their investment decisions can shape trends and affect the prices of individual assets. Therefore, observing their movements is crucial to understanding the market dynamics and predicting future changes.
In summary, whales actively manage their portfolios, adapting strategies to current market conditions. Their actions, both the sale of selected tokens and investments in new projects and the accumulation of altcoins, reflect the complexity and dynamics of the cryptocurrency market.
