Ethereum

2024

Bitcoin

<h4>Hey there, The crypto market is up and running with Bitcoin leading the charge to new all-time highs. </h4> 
Crypto whales are seizing this moment to pile up on some coins with crazy potential to bring in gains in this bull cycle. What are these coins? That’s what we’d find out in this article. 
<h5>1) Bitcoin (BTC)</h5> 
The first on our list is Bitcoin. <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> is on fire! Bitcoin holders are having the best time of their lives. Recently, Bitcoin hit an all-time high and the excitement is palpable! What’s driving Bitcoin? Well, it’s partly thanks to those new spot Bitcoin exchange-traded funds (ETFs) making waves in the United States. 
According to data from <a href="https://s3.cointelegraph.com/uploads/2024-03/3bfed776-73bb-474e-9e0c-3d0dbfed1d49.png" target="_blank" rel="noopener">Dune</a>, since these ETFs launched, they’ve snagged a hefty 4.06% of the current Bitcoin supply. That’s over $56.9 billion worth of Bitcoin.&nbsp;And get this, they’re projected to gobble up a whopping 8.65% of the BTC supply every year at this rate. Talk about hunger for crypto! 
But wait, there’s more! Bitcoin whales like <a href="https://www.altcoinbuzz.io/?s=blackrock" target="_blank" rel="noopener">BlackRock</a> and MicroStrategy are increasing their Bitcoin holdings. BlackRock, in particular, has been racking up Bitcoin like it’s going out of style and recently even outpaced MicroStrategy in accumulation. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 MicroStrategy bought another 12K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($821.72M) at $68,477 from Feb 26 to Mar 10!<a href="https://twitter.com/hashtag/MicroStrategy?src=hash&amp;ref_src=twsrc%5Etfw">#MicroStrategy</a> currently holds 205K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($9.9B), and the average buying price is $33,706. 
 At current prices, the profit is ~$7.9B!<a href="https://t.co/Wa2y09pv6F">https://t.co/Wa2y09pv6F</a> <a href="https://t.co/12ZjBsZOvn">pic.twitter.com/12ZjBsZOvn</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1767377290034626869?ref_src=twsrc%5Etfw">March 12, 2024</a>
</blockquote> 
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Although prices are high, not many whales are thinking about selling. Bitcoin whales are holding onto their treasures tightly. The <a href="https://www.lookintobitcoin.com/charts/addresses-greater-than-1000-btc/" target="_blank" rel="noopener">number</a> of unique addresses holding at least 1,000 BTC has hit 2,107 as of March 9th. It’s impressive, sure, but still shy of the record-breaking 2,489 addresses we saw back in February 2021 when Bitcoin was just above $46,000. 
Why are Bitcoin whales holding their assets? And what does it mean?&nbsp;For a start, it shows that these whales expect Bitcoin to soar even higher. Other indexes support this claim. Data from <a href="https://s3.cointelegraph.com/uploads/2024-03/a98cfbe3-acb3-47c8-b967-af038e2adf6a.png" target="_blank" rel="noopener">Glassnode</a> shows that transfers from exchanges to whales reached new record highs this month. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 This whale withdrew 2,050 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($147.67M) from <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> again 10 hours ago. 
 And he has withdrawn 10,340 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ($742.98M) from <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> since Mar 1.<a href="https://t.co/Sg0jd05x3q">https://t.co/Sg0jd05x3q</a> <a href="https://t.co/XHk0X6wl6f">pic.twitter.com/XHk0X6wl6f</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1767435154468024574?ref_src=twsrc%5Etfw">March 12, 2024</a>
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Interestingly, the <a href="https://s3.cointelegraph.com/uploads/2024-03/796dc49c-cef5-477b-8460-38d9e9b17cdf.png" target="_blank" rel="noopener">transfer volume</a> from whales to exchanges has seen a slight surge compared to other bull runs.&nbsp;Online data also suggest an increase in Bitcoin investors. And these guys aren’t ready for profit yet. 
<h5>2) Ethereum (ETH)</h5> 
<a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum</a> is following in Bitcoin’s steps and recently surged past $4k for the second time in its history.&nbsp;There are two major factors behind Ethereum’s recent drive: 
<ol> 
 <li style="font-weight: 400;" aria-level="1">There’s increased positivity about the forthcoming <a href="https://www.altcoinbuzz.io/?s=Dencun" target="_blank" rel="noopener">Dencun upgrade</a>. Dencun is a crucial milestone that might greatly enhance Ethereum’s scalability and performance. It could open the door for a wider acceptance of Ethereum Layer 2s by resolving some of the most important issues facing Ethereum, such as scalability and transaction costs.</li> 
 <li style="font-weight: 400;" aria-level="1">Secondly, there is anticipation that the US Securities and Exchange Commission (SEC) will approve a spot <a href="https://www.altcoinbuzz.io/?s=ethereum+etf" target="_blank" rel="noopener">Ethereum ETF</a>.&nbsp;</li> 
</ol> 
Ethereum whales are banking on this new excitement to accumulate the token. One whale bought an alarming 97,276 ETH tokens that sent shockwaves throughout the market.&nbsp; 
The whale was later identified as the controversial project PulseChain and PulseX. Online data shows that the purchase was made using a total of 363.66 million DAI at an average price of $3,738. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Another 15,003 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> was bought on-chain at ~$3,932 using 59M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a> by wallets linked to PulseChain/X in the past hour! 
 Total amount purchased in the past 4 days: 163,295 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> (cost: 620.7M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a>, avg price: $3,801)! 
 Est. unrealized profit: $24.3M. <a href="https://t.co/YAgSMo1b1X">https://t.co/YAgSMo1b1X</a> <a href="https://t.co/mgDpJI44qC">pic.twitter.com/mgDpJI44qC</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1766032596901691470?ref_src=twsrc%5Etfw">March 8, 2024</a>
</blockquote> 
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Ethereum whales are currently in high spirits ahead of major events in the ecosystem 
<h5>3) Chainlink (LINK)</h5> 
Our final coin is <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener">LINK</a>. Yeah. Whales are also going bullish on it according to data from Lookonchain. About 8 fresh wallets withdrew 831,160 $LINK($16.72M) from Binance in the last two days.&nbsp; 
This might come as a surprise seeing that Chainlik’s momentum from February has seen a drop. But whales know that the game is long-term. So, downtimes are the best times to add to your portfolio.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 It seems that whales are buying <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>! 
 We noticed that 8 fresh wallets withdrew 831,160 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>($16.72M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> in the past 2 days. 
 Address:<a href="https://t.co/bkikjTpUty">https://t.co/bkikjTpUty</a><a href="https://t.co/DaBt99fo8O">https://t.co/DaBt99fo8O</a><a href="https://t.co/h8fjMdXiU4">https://t.co/h8fjMdXiU4</a><a href="https://t.co/vcBkwRMUJM">https://t.co/vcBkwRMUJM</a><a href="https://t.co/sD9YDQd4Sj">https://t.co/sD9YDQd4Sj</a>… <a href="https://t.co/77Y9RqF3t6">pic.twitter.com/77Y9RqF3t6</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1766516226065629563?ref_src=twsrc%5Etfw">March 9, 2024</a>
</blockquote> 
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The current price of LINK is $19.19 as of this writing. A bullish scenario would see LINK surpass $21.4, and possibly hit $28 if it picks up. 
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Crypto Whales are Buying These 2 Hot Altcoins

Altcoin Buzz

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