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<h4>October was a busy month for crypto whales. But November is getting even busier. Crypto whales are leading the charge in these market activities.</h4> 
Whales are buying certain crypto altcoins ahead of a looming bull market. This article will show you some of the projects with the most whale activity in November. 
<h5>1) Bitcoin</h5> 
<a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> lovers had one of the best weeks in a while. And that’s because Bitcoin surpassed $37,000 for the first time since May 4, 2022. The price growth can be traced to the optimism surrounding Bitcoin. Many believe that the SEC will approve a spot Bitcoin ETF in the coming weeks. And industry insiders believe this approval will lead to significant capital pouring into the market. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 This whale started accumulating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> on Jan 17 and has accumulated a total of 14,599 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($536.6M), the average buying price is ~$28,071. 
 The current profit has exceeded $126M!<a href="https://t.co/8tYyXtc4fg">https://t.co/8tYyXtc4fg</a> <a href="https://t.co/e0GkyT9CIC">pic.twitter.com/e0GkyT9CIC</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1722857499504840916?ref_src=twsrc%5Etfw">November 10, 2023</a>
</blockquote> 
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Last week, Coindesk reported that the SEC had begun major discussions with Grayscale Investments over the conditions of its proposal to transform its Bitcoin trust, also known as GBTC, into a Bitcoin ETF. 
Whales saw this price surge as the right time to add to their holdings. A notable <a href="https://www.altcoinbuzz.io/?s=bitcoin+whales" target="_blank" rel="noopener">Bitcoin whale</a> recently purchased substantial amounts of Bitcoin valued at about $15 million.&nbsp; 
It is important to note that not all BTC whales are accumulating. Some have initiated coin distribution. This shows their plans to secure profits amidst the recent price consolidation. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Interestin to see how whales <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"> are buying tremendous amounts of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> every 3 hours <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/OxqV2OqwkU">https://t.co/OxqV2OqwkU</a> 
 — Cryptesso (@Cryptesso) <a href="https://twitter.com/Cryptesso/status/1722620813600596185?ref_src=twsrc%5Etfw">November 9, 2023</a>
</blockquote> 
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The <a href="https://twitter.com/BitcoinFear/status/1720395430369058947?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1720395430369058947%7Ctwgr%5Ee3cd45f9fd800ee4fa3348a9eff2d8aafcc74eed%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2Fbitcoin-whales-move-over-700-million-in-btc-to-binance%2F" target="_blank" rel="noopener">Bitcoin Fear and Greed index</a> recently shifted into the “greed” zone. This shows many might be thinking about taking profits. But this rules out whales’ continued interest in Bitcoin. 
<h5>2) Ethereum</h5> 
<a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum</a> has continued its impressive price surge and now trades at $1972.84. And it has had a 5% price increase in the last seven days. One of the factors behind ETH’s resurrection is whales’ interest in the coin. On-chain data shows that Ethereum whales have busied themselves with accumulating the cryptocurrency. 
Lookonchain <a href="https://twitter.com/lookonchain/status/1724376207830274532" target="_blank" rel="noopener">claims</a> that the whale at address “0xee47” recently added 3,200 ETH, or almost $6.7 million, to their Ethereum (ETH) holdings. This whale began accumulating ETH several months ago. And currently, their assets are worth around $387.8 million, or 183,742 ETH, which represents an unrealized profit of over $154 million. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> has reached as high as $2,132 as optimism surrounding the #2 asset in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> surged with <a href="https://twitter.com/hashtag/Blackrock?src=hash&amp;ref_src=twsrc%5Etfw">#Blackrock</a>'s new submitted <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw">#ETF</a> for the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw">#SEC</a>'s review. Our latest insight looks at <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>'s <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw">#onchain</a> health and its chances to continue its growth. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8sBC9d1lWT">https://t.co/8sBC9d1lWT</a> <a href="https://t.co/2PruVIM4Ve">pic.twitter.com/2PruVIM4Ve</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1723159487551533304?ref_src=twsrc%5Etfw">November 11, 2023</a>
</blockquote> 
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Ethereum moved past $2000 in November. The price surge occurred shortly after BlackRock confirmed plans to launch an Ethereum Spot ETF in a NASDAQ filing. On-chain data indicates that several large institutional investors responded to the bullish news by buying ETH worth millions of dollars. 
The chart displayed on your screen shows that whales with balances between 1,000 and 100,000 ETH had a starting balance of 13.98 million ETH on November 9. However, as of Sunday, November 12th, at the close of business, their total ETH holdings had risen to 14.08 million. 
This suggests that the whales increased their holdings by 100,000 ETH. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>'s market value has jumped +38% in 4 weeks, powered by high network growth. Particularly micro addresses (&lt;0.1 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>), which recently surpassed over 100K wallets for the first time. Even the 0.1-10 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> and 10K+ <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> tiers are finally rising. <a href="https://t.co/O8kQXJkMxG">https://t.co/O8kQXJkMxG</a> <a href="https://t.co/hvKBepNnDJ">pic.twitter.com/hvKBepNnDJ</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1722810730158968833?ref_src=twsrc%5Etfw">November 10, 2023</a>
</blockquote> 
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Santiment <a href="https://embed.santiment.net/chart?ps=ethereum&amp;pt=ETH&amp;df=2023-10-17T00%3A00%3A00.000Z&amp;dt=2023-11-12T00%3A00%3A00.000Z&amp;emcg=1&amp;wm=price_usd%3Bholders_distribution_combined_balance_1k_to_10k&amp;wax=0%3B1&amp;wc=%2326C953%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22node%22%3A%22area%22%7D" target="_blank" rel="noopener">claims</a> that Ethereum has had a strong network expansion in recent days. And this has caused its market value to soar by 38% in just 4 weeks. For example, micro addresses (&lt;0.1 $ETH) recently exceeded 100,000 wallets. There is also an increase in both the 0.1–10 $ETH and 10K+ $ETH categories. 
<h5>3) Cardano</h5> 
<a href="https://www.altcoinbuzz.io/?s=cardano" target="_blank" rel="noopener">Cardano</a> is one of the four networks that have seen massive whale activity in the last six months. Cardano whales were busy accumulating the token in October. And so far, that habit has continued in November. 
On November 6th, <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener">ADA’s price</a> surged by 7.5% to $0.3543, the highest in four months. And whale activity is one of the reasons behind this. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/MidnightNetwork?src=hash&amp;ref_src=twsrc%5Etfw">#MidnightNetwork</a> provides the tools to build regulatory compliant <a href="https://twitter.com/hashtag/DApps?src=hash&amp;ref_src=twsrc%5Etfw">#DApps</a>, striking a balance between data disclosure &amp; legal protection by using zero-knowledge (ZK) technology and ‘proofs’. 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Dive in to find out how Midnight protects user data using zero-knowledge technology: <a href="https://t.co/8eeiO1LSWU">pic.twitter.com/8eeiO1LSWU</a> 
 — Midnight (@MidnightNtwrk) <a href="https://twitter.com/MidnightNtwrk/status/1724493918702829664?ref_src=twsrc%5Etfw">November 14, 2023</a>
</blockquote> 
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A <a href="https://twitter.com/intotheblock/status/1721871580291027260?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1721871580291027260%7Ctwgr%5E556d87457b805328fb3a45d5a27b2f8d761a8d35%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.crypto-news-flash.com%2Fcardano-whales-accumulate-1-89b-ada-as-price-set-to-soar-with-massive-midnight-update%2F" target="_blank" rel="noopener">recent report</a> by blockchain analytics firm IntoTheBlock (ITB) shows a fascinating trend. Cardano whales have accumulated 1.89 billion units in recent times. Cardano recently launched its Midnight DevNet. Many expect this launch to push the price and value of the project higher. 
“Big holders,” or addresses holding at least 0.1% of the circulating supply, increased their holdings when ADA traded hands between $0.249 and $0.271. The combined value of this accumulation is around $700 million. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now +36% over 2 weeks. As usual, <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw">#onchain</a> activity hinted at this <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> action with <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> address activity &amp; whale transaction at their highest in 3+ months.… <a href="https://t.co/IYBBk3ssf4">pic.twitter.com/IYBBk3ssf4</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1720160495762915827?ref_src=twsrc%5Etfw">November 2, 2023</a>
</blockquote> 
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Cardano’s strong development activities behind the scenes have been key to boosting investor trust. Cardano recovered from a bearish attack that saw ADA’s value fall below a quarter of a dollar last year. It used the slump to improve its infrastructure. Interestingly, Cardano topped the GitHub activity statistics, indicating the network’s developers’ unwavering progress. 
<h5>4) Chainlink</h5> 
Our final project is Chainlink. <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener">$LINK</a> whales have stayed active in recent weeks. Santiment data shows that the Chainlink boom is still going strong. Dormant tokens are circulating. And wallets holding 10K–10M $LINK have previously accumulated. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Whales are extremely active, spiking to 6-month high levels on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>, <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a>, and <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> networks. There may be a bit of profit taking happening to end the week, but this doesn't necessarily signal that tops are imminent. <a href="https://t.co/lASvL551Rj">https://t.co/lASvL551Rj</a> <a href="https://t.co/0lnXMjYyFJ">pic.twitter.com/0lnXMjYyFJ</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1723022269486715320?ref_src=twsrc%5Etfw">November 10, 2023</a>
</blockquote> 
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Earlier this month, <a href="https://www.altcoinbuzz.io/?s=chainlink" target="_blank" rel="noopener">Chainlink</a> surged beyond $12.50 for the first time since April 2022. 
Chainlink has shown huge potential in recent days. And we could see further price growth pretty soon. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> has jumped all the way above $12.50 this weekend, crossing this threshold for the first time since April, 2022. The amount of wallets that hold at least 1K <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> (currently worth $12,150 or more) has hit a new <a href="https://twitter.com/hashtag/alltimehigh?src=hash&amp;ref_src=twsrc%5Etfw">#alltimehigh</a> of 27,152 wallets. <a href="https://t.co/yQ87RNZCPv">https://t.co/yQ87RNZCPv</a> <a href="https://t.co/ZIBixZWP8D">pic.twitter.com/ZIBixZWP8D</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1721298006090367014?ref_src=twsrc%5Etfw">November 5, 2023</a>
</blockquote> 
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The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/crypto-whales-are-accumulating-these-altcoins-for-the-big-bullrun/">Crypto Whales are Accumulating these Altcoins for the BIG Bullrun</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Crypto Whales are Accumulating these Altcoins for the BIG Bullrun

Altcoin Buzz

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