Crypto whales are buying more Ethereum (ETH), Pepe (PEPE), and ONDO, which could mean that prices will go up. This is a bullish trend because more whales buying an object can attract more buyers and keep prices going up.
On Ethereum, the big holder netflow has grown by 167%. This is the difference between how much ETH large investors bought and sold. This means that “whales” are buying more coins, which is a positive sign and suggests that the price might increase.
There are a lot more whale addresses now than there were when PEPE first started in April 2023. There are 85,400 addresses having between 10,000 and 10 million PEPE tokens, which is the most since the start.
Because the token is profitable, these “whales” are buying more of it. The Market Value to Realized Value (MVRV) ratio for PEPE shows that the meme coin is overvalued right now, which means buyers can sell it and make money. But steady sell-offs could push the price of PEPE down, and if selling pressure is greater than supply, the coin’s value could go down.
Ondo (ONDO), which is the control token of Ondo Finance, has seen more large holders come in over the last 30 days. This could mean that big investors are putting more pressure on people to buy.
The price of the altcoin could go up a lot if ONDO whales keep buying it all through August. Large buyers of ONDO are becoming more interested, which could cause the price to go up if the trend continues. To sum up, the fact that crypto whales are interested in Ethereum, Pepe, and ONDO suggests that these assets may be going up in value.
