Due to the recent price increase and favorable macroeconomic events, cryptocurrency market investors have actively started accumulating certain altcoins, hoping for significant profits in November.
Among the coins that have attracted institutional investors' interest in October are Injective (INJ), Ripple (XRP), and Decentraland (MANA). Based on historical data, the actions of these investors may act as a catalyst for significant price growth for these tokens.
Coins
Injective (INJ)
On October 23, the price of the Injective token reached a 20-month high of $12 after the launch of an important feature on the decentralized exchange Helix. Investors responded positively to this event.
However, whales continue to buy the #inj token, dispelling concerns about the end of the rally. According to Santiment data, the number of large transactions has remained stable for 16 consecutive days. A similar situation was observed in April 2023.

Currently, the price of the Injective token is approaching $14. If whales continue to buy at the same pace, INJ may surpass this historically significant resistance level.
Ripple (XRP)
In October, the #sec dropped a long-standing market manipulation lawsuit against Ripple's top executives. In light of this positive news, whales began accumulating XRP. Over the past 10 days, addresses with balances ranging from 1 million to 100 million tokens have acquired 80 million coins. This has led to a price increase above the $0.60 mark.

Interestingly, in early August, #xrp was trading around $0.65. Therefore, strategic investors will closely monitor the actions of whales as the price approaches this range.
Read. [Crypto Whales and Institutions: What Bought and Where Invested in September](https://www.binance.com/en/feed/post/1278007)
Decentraland (MANA)
On November 2, whales showed extraordinary interest in the native token of the Decentraland project, MANA. The Santiment chart shows that there were 42 trades with a volume of over $100,000, which is the highest level since June 5.

Increased activity by major players is usually considered a positive factor for the market. It increases liquidity, allowing traders to trade effectively, and sends a clear signal to retail investors.
Thanks to the actions of whales, the price of #mana has increased by 48%, reaching the important level of $0.40. If this trend continues, those who bought assets in September at the minimum price can expect significant profits in November.
Projects
Blockaid
Startup Blockaid has managed to attract a $33 million investment from well-known companies such as Ribbit Capital, Varian, Sequoia Capital, Cyberstarts, and Greylock Partners. They are partners with MetaMask and OpenSea and plan to further develop their technology with a focus on preventing malicious transactions.
Furthermore, the Blockaid team has announced the launch of their platform from "stealth mode". It is now compatible with any blockchain.
Blockaid has developed a unique solution that detects and marks malicious decentralized applications (dApps) and smart contracts capable of siphoning funds from victims' wallets. It's important to note that unlike other platforms, Blockaid does not require users to provide their data to third-party services in order to protect their wallets.
TON
Cryptocurrency exchange MEXC has entered into a strategic partnership with blockchain platform #ton and has made a significant investment in it. The aim of the partnership is to enhance global accessibility to Web3 by reducing barriers for users.
As part of this collaboration, MEXC will provide marketing services and promote TON-based projects on its platform. The company also plans to launch a TON collateral lending service and waive trading fees for the blockchain's native token.
In addition, MEXC Ventures will continue to finance mini-applications based on TON, including projects such as Megaton Finance, TONPlay, Fanzee, and Sonet, which have already received support from the company.
"The technology should be convenient and easy to use for anyone, no matter their knowledge of the world of blockchain. With TON on Telegram, crypto becomes as easy as texting."
Justin Hyun, Head of Incubation at TON Foundation, Cointelegraph
SynFutures
Decentralized derivatives exchange SynFutures has received a $22 million investment from Pantera Capital, HashKey Capital, and Susquehanna International Group, bringing the company's total funding to $38 million.
SynFutures, deployed across multiple blockchains, is currently the second-largest derivatives protocol on Polygon. According to DeFiLlama, the total value locked (TVL) on the platform exceeds $6 million. The SynFutures team claims that the cumulative trading volume since the exchange's inception has surpassed $22 billion.
Membrane Lab
During its Series A funding round, trading platform Membrane Labs has raised $20 million, with Brevan Howard Digital and Point72 Ventures as the main investors.
Membrane initially started by developing a clearing, netting, and settlement mechanism, enabling institutions to choose the location and method of storing their funds, as well as facilitating transactions.
"You can think of us as the glue, a settlement network that connects all of these things together. On top of this core infrastructure, we built workflow management for collateral management, loans, OTC trades and derivatives. The permeating theme is to increase transparency and risk management, especially in a post-FTX and post-3AC world."
Carson Cook, Founder and CEO of Membrane, Coindesk
The funds raised will be directed towards creating trading infrastructure for the crypto industry.
Elixir
The Elixir protocol, based on decentralized finance (DeFi), has attracted $7.5 million in investments from Hack VC, NGC Ventures, AngelList Ventures, Bloccelerate, Ledger Prime, Genesis Trading, Hudson River Trading, and other investors. As of now, the project team consists of 17 individuals, including experienced professionals from Gemini, Hudson River Trading, and Tokensoft.
"We are excited to have closed our Series A as we head into our launch. With this latest round of funding, we’re able to expand our in-person team, as well as bolster our engineering effort to expedite our roadmap to support additional use cases leveraging our protocol infrastructure."
Philip Forte, Co-founder and CEO Elixir, The Block
Elixir allows users to provide liquidity on order book exchanges and earn rewards from market makers with a similar risk-reward AMM profile, the team has reported. The project's goal is to stimulate liquidity growth and create a more efficient trading environment with narrow bid-ask spreads and increased trading volume.
The delegated Proof-of-Stake Elixir protocol is expected to be launched on the network in the coming weeks and integrated with decentralized exchanges such as Vertex, Bluefin, and WooFi. Elixir will also be used in dYdX V4 at the beginning of next year.
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