Folks, whales are investing in large-cap cryptocurrencies.
Leading altcoin Ethereum (ETH) is one of the assets that these large holders are accumulating ahead of October. According to Santiment data, there is a notable increase in ETH accumulation by wallet addresses holding between 10 million and 100 million ETH.
Over the past 26 days, this group has added 910,000 ETH to their holdings, valued at over $2.40 billion at market prices.
Another crypto with a large market cap that whales are accumulating ahead of October is the leading memecoin Dogecoin (DOGE).
This has been driven by the memecoinâs 24% surge in price over the past month. At the time of writing, DOGE is trading at $0.12, its highest price level since August 2.
DOGE whale activity, tracked through the net flow of large holders, reveals that investors holding more than 0.1% of the coinâs circulating supply have been increasing their holdings. In the past week alone, the net flow among large DOGE holders has increased by an impressive 134%.
Friends, the rally has begun and an upward trend is expected for this year-end, as I mentioned in my previous articles. It is time for analysis, research and investment. Thank you for your support.
