7-What are the top altcoins!!!
As the cryptocurrency market momentum turns bullish, whales are buying Arbitrum, XRP, and Ondo.
1. The Whale Effect of Arbitrum (ARB)
Despite the overall economic downturn, Arbitrum has become one of the tokens favored by whales. As Ethereum's layer 2 blockchain, Arbitrum has been boosted by the impact of the Ethereum ETF. As of writing, ARB is priced at $0.7204, with a 24-hour increase of 3.18%. Despite this, ARB prices are down nearly 58% this year.
However, whales' interest in ARB remains high. Data from IntoTheBlock shows that the net flow of large holders has increased by 870% in the past 7 days. This indicator shows that the inflow of large holders is much higher than the outflow, which means that investors are actively accumulating rather than selling assets. The launch of the Ethereum ETF may be a key factor in stimulating investor interest in Ethereum-related projects.
2. Ripple (XRP)'s counter-trend performance
Ripple has performed strongly in the past few weeks, with XRP up 25.4% in the past 30 days and 7% in the past seven days. Santiment's report shows that the increase in the number of addresses holding 100 million to 1 billion XRP tokens since July 13 has driven the price increase. The increase in whale confidence has caused XRP to outperform BTC and ETH in recent trading.
Currently, the XRP price has recovered to $0.60 again. If the acquisition continues, the SEC no longer sets any obstacles, and market conditions are favorable, the asset is expected to hit new highs in the coming trading days.
3. Ondo (ONDO)'s potential
Nearly two months ago, ONDO prices hit an all-time high of $1.42, but then encountered resistance and fell 32%. However, whales saw this as a good opportunity to buy on the dip. Institutional interaction and accumulation of ONDO has increased significantly in the past month. Data from IntoTheBlock shows that liquidity among ONDO’s largest holders has grown by 1,468% over the past seven days.
The data shows that addresses holding between 0.1% and 1% of the total circulating supply have added more funds to their wallets. If this activity heats up further, ONDO’s price could break through the final resistance level of $1.42.
