🔥Pre-order🔥Three Tokens That Whales May Be Positioning in Advance in May

Bitcoin’s BTCUSD has been experiencing mild price fluctuations despite the halving at the end of April. As a result, at the same time, institutional investors have begun accumulating altcoins to take advantage of the potential bull run that could occur in the crypto market once BTC rises. Analysts have revealed the three coins that these large wallet holders are most interested in.

Cardano Whales Add More ADA to Their Assets

Since November 2023, Cardano has been noticing increasing accumulation in the hands of whales. This continuous buying suddenly rose in the past few days as transactions worth more than $100,000 (usually associated with crypto whale transactions) surged.

While this has not translated into a bullish outcome for price action, Cardano’s price has certainly benefited from the increase in whale interest. Although these large wallet holders account for less than 10% of the circulating supply, their contribution to daily trading volume is crucial.

Therefore, crypto whales leaning towards ADA could prove to be a boon for altcoins.

Toncoin joins top crypto assets

As a result, whales jumped in to take advantage of any possible rally by accumulating TON. This can be seen in the surge in transactions worth over $100,000 and transactions worth over $1 million.

Over the past two months, the price of Toncoin has risen 238% from $2.14 to a peak of $7.24. However, the altcoin has since fallen to $5.35 as the market has cooled since the recent rally.

Arbitrum whales aim for profits

Despite the fact that Arbitrum’s price has been correcting for nearly two months, large wallet holders have been increasing ARB. While this may be an effort to prevent the price from falling further, crypto whales appear to be looking for the right selling opportunity.

The anticipation of a post-halving rally for BTC is one of the biggest drivers of cryptocurrency whale accumulation. However, crypto whales may also be looking forward to booking profits due to the upcoming unlocking of tokens on May 16. More than 3.5% of the circulating supply worth about $100 million will be put on the market.

This event could have a negative impact on the market. Therefore, crypto whales may try to sell before the tokens unlock in order to maximize their profits.

Transactions worth more than $100,000 and $1 million have been high over the past few weeks. This accumulation prevents the price of Arbitrum from falling below $1.00.

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