Big Investors Are Eyeing These Tokens: LTC, ETH, and MATIC

Last week, the crypto market grew by 4%, drawing the attention of large investors to Litecoin (LTC), Ethereum (ETH), and Polygon (MATIC). Whale activity in these tokens suggests a potential price surge based on historical trends.

Polygon $MATIC

Polygon (MATIC) became a focal point for whales this week as the community prepares for the upcoming migration to POL, set for September 4. Anticipation of this event has fueled a 33% price increase, making MATIC the top-performing asset among the top 100 cryptocurrencies over the past week. The surge in price has led to a notable increase in whale activity, with the number of addresses holding between 1 million and 100 billion MATIC reaching a one-month high of 316.

Litecoin $LTC

Litecoin (LTC) experienced a significant rise in whale activity, with net inflows from large holders increasing by 141% last week, per IntoTheBlock data. These large holders, controlling over 0.1% of LTC’s supply, are showing growing optimism. Currently trading at $64.08, continued accumulation could drive LTC's price above $70, potentially reaching $73.87.

Ethereum $ETH

Ethereum (ETH) whales have been quietly accumulating, even as the token faces strong resistance around the $2,700 price level. Data from Sentiment shows that the number of addresses holding between 10,000 and 100,000 ETH has reached 1,008, marking the highest level in a month. This steady accumulation suggests that large holders remain bullish on Ethereum’s long-term prospects, despite the token’s relatively stagnant performance in recent days.

These developments highlight the strategic moves of whales, whose actions often serve as early indicators of potential market shifts. As they accumulate these assets, it could signal the start of a new bullish phase for LTC, ETH, and MATIC.

Disclaimer:

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