🎁🎁Altcoins Crypto Whales Bought This Week: How Will Prices React?

In the second week of August 2024, large investors (whales) in the cryptocurrency market made significant investments in certain altcoins with remarkable movements. According to BeInCrypto's analysis, these movements reflect hopes that the market may recover soon.

First, Litecoin (LTC) stands out. Developed as a lighter version of Bitcoin, Litecoin saw significant purchases by large investors this week. According to IntoTheBlock's data, LTC's Large Holder Net Flow has increased significantly in the last seven days. This indicates the confidence of large investors in Litecoin, and if this trend continues, the price of LTC could rise even higher. Currently, LTC is trading at $65.50 and has gained 8.82% over the past week.

Polygon (MATIC), on the other hand, continues to attract the attention of large investors despite its relatively weak performance. On-chain data shows that there is an increase in the balances of large addresses holding MATIC. It is particularly noteworthy that interest in this token has increased ahead of the MATIC to POL transition on September 4th. However, despite all this accumulation, the price of MATIC has fallen by 4.72% this week. Finally, Avalanche (AVAX) draws attention. AVAX's Large Holder Net Flow increased by 36% and large investors showed great interest in AVAX. However, the AVAX price has fallen by 3.18% in the last 24 hours. This decline is associated with the token unlocking that will take place on August 19th. If large investors continue to accumulate AVAX after the unlocking, a stabilization and potential increase in the token's price may be seen.

While these developments provide strong signals for the future of the crypto market, it is observed that the strategies of large investors continue to affect the dynamics in the market.