Ethereum

Cardano

Arbitrum

Bitcoin

Toncoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>Crypto whale accumulation has reduced after the Bitcoin halving since the broader market suffered corrections.</a></li>
 <li><span>2</span> <a>Bitcoin’s Dominance has dropped from 56.3% to nearly 53%, indicating a possible comeback in the Altcoins.</a></li>
 <li><span>3</span> <a>Some altcoins noted significant movements in whale activity in the last few sessions.</a></li>
</ul>
<p>Following the Bitcoin Halving event, the broader crypto market is suffering corrections which are turning worse as the days are passing.</p>
<p>In the last 24 hours, the overall crypto market has dropped by almost 5%. Bitcoin (BTC) and Ethereum (ETH) are on the decline. BTC was down by 6.10% at press time while ETH had slumped by 4.78%.</p>
<p>Looking at it from another frame, the recent correction might be an opportunity to accumulate the coins at a discounted price. Likewise, The ADA, TON, and ARB have reported a significant movement in recent sessions which validates the possibility of reversal in May.</p>
<p>If the broader market recovers, these cryptos could be a good pick for investors as whales have started accumulating them.</p>
<h2 class="wp-block-heading" id="strong-whale-transaction-in-cardano-explodes-in-the-recent-sessions-strong"><strong>Whale Transaction In Cardano Explodes In The Recent Sessions!&nbsp;</strong></h2>
<p>Cardano crypto also got injured amid the larger market corrections and has fallen by nearly 17% in the last week to reach the previous demand zone.&nbsp;</p>
<p>However, the price action addresses the investors to wait for a reversal before making any long entries. On the contrary, the recent increased whale activity in ADA shows hope for a reversal ahead.</p> <iframe title="Santiment Chart: Whale Transaction Count (>100k USD) (ADA), Whale Transaction Count (>1m USD) (ADA)” width=”1170″ height=”425″ src=”https://embed.santiment.net/chart?ps=cardano&amp;pt=ADA&amp;df=2023-11-01T18%3A29%3A59.952Z&amp;dt=2024-05-01T18%3A29%3A59.952Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=whale_transaction_count_100k_usd_to_inf%3Bwhale_transaction_count_1m_usd_to_inf&amp;wax=0%3B1&amp;wc=%23255fb8%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%2212h%22%7D%3B” scrolling=”no”></iframe>



<p>As evident from the above chart, whale activity was at its peak in November 2023 and remained steady from December to the last week of April 2024. During this period, Cardano <a href=" https: www.thecoinrepublic.com 2024 05 01 optimism-price-made-bottom-around-2-can-bulls-dominate-ahead target="_blank" rel="noreferrer noopener">price &amp;lt;/a&amp;gt;experienced a notable increase.&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;As the transaction activity of whales is once again approaching the peak value observed in November, this could suggest the possibility of further price gains in the future. If crypto whales continue to show a preference for ADA, this could greatly benefit the altcoin in May Month.&amp;lt;/p&amp;gt; &amp;lt;h3 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Toncoin Grabs The Attention Of Whales!&amp;lt;/strong&amp;gt;&amp;lt;/h3&amp;gt; &amp;lt;p&amp;gt;While the Toncoin (TON) crypto continued to depreciate and has been maintained in a downward parallel channel pattern in the last couple of weeks. The whale&amp;amp;#8217;s transaction activity noted a sharp uptick in the period.&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;Whales are entities that hold large amounts of assets in their portfolios, and their transaction activity is closely monitored as it often has a ripple effect on the crypto market.&amp;lt;/p&amp;gt; &amp;lt;iframe title="Santiment Chart: Whale Transaction Count (&amp;gt;100k USD) (TON), Whale Transaction Count (&amp;gt;1m USD) (TON)&amp;amp;#8221; width=&amp;amp;#8221;1170&amp;amp;#8243; height=&amp;amp;#8221;425&amp;amp;#8243; src=&amp;amp;#8221;https://embed.santiment.net/chart?ps=toncoin&amp;amp;#038;pt=TON&amp;amp;#038;df=2023-11-01T18%3A29%3A59.952Z&amp;amp;#038;dt=2024-05-01T18%3A29%3A59.952Z&amp;amp;#038;sat=shchcfg_0fkcqXWOckcn&amp;amp;#038;emcg=1&amp;amp;#038;emhwm=1&amp;amp;#038;wm=whale_transaction_count_100k_usd_to_inf%3Bwhale_transaction_count_1m_usd_to_inf&amp;amp;#038;wax=0%3B1&amp;amp;#038;wc=%23255fb8%3B%23FFCB47&amp;amp;#038;ws=%7B%22interval%22%3A%2212h%22%7D%3B&amp;amp;#8221; scrolling=&amp;amp;#8221;no&amp;amp;#8221;&amp;gt;</iframe>
<p>The chart presented above showcases the participation of the whales in Toncoin. The initial period from January to the first week of March noted minimal whale activity. However, in the last couple of weeks, there has been a significant increase in whale activity.&nbsp;</p>
<p>This increase in activity has led to an increased likelihood of a breakout from the parallel channel pattern and a subsequent bullish trend.</p>
<h3 class="wp-block-heading" id="strong-whales-accumulating-gradually-in-arbitrum-arb-strong"><strong>Whales Accumulating Gradually In Arbitrum (ARB)</strong></h3>
<p>Unlike the Cardano and Toncoin where the whale’s activity has risen suddenly, the whales had been gradually increasing from the end of January until April. This upswing in whale activity could potentially benefit the ARB cryptocurrency in the upcoming sessions.</p> <iframe title="Santiment Chart: Whale Transaction Count (>100k USD) (ARB), Whale Transaction Count (>1m USD) (ARB)” width=”1170″ height=”425″ src=”https://embed.santiment.net/chart?ps=arb-arbitrum&amp;pt=ARB&amp;df=2023-11-23T00%3A00%3A00.000Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=whale_transaction_count_100k_usd_to_inf%3Bwhale_transaction_count_1m_usd_to_inf&amp;wax=0%3B1&amp;wc=%23255fb8%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%2212h%22%7D%3B” scrolling=”no”></iframe>



<p>Arbitrum crypto experienced a significant drop after moving sideways throughout February and March. However, in April, the crypto once again moved in a sideways trend. A breakout from this range could lead to a potential recovery for the cryptocurrency.</p>



<h4 class=" wp-block-heading>&amp;lt;strong&amp;gt;Conclusion&amp;lt;/strong&amp;gt;&amp;lt;/h4&amp;gt; &amp;lt;p&amp;gt;The recent Bitcoin Halving event has caused corrections in the broader crypto market, which might be an opportunity for investors to accumulate coins at discounted prices. ADA, TON, and Arbitrum have reported significant whale activity, indicating a possibility of a reversal in May. However, investors should wait for a reversal before making any long entries.&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;Increased whale activity in the market suggests a potential for further price gains, and if the broader market recovers, ADA, TON, and Arbitrum could be good picks for investors as whales have started accumulating them.&amp;lt;/p&amp;gt; &amp;lt;h4 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Disclaimer&amp;lt;/strong&amp;gt;&amp;lt;/h4&amp;gt; &amp;lt;p&amp;gt;The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&amp;lt;/p&amp;gt; </iframe>

3 Top Altcoins That Could Benefit From Increased Whale Activity In May

Table of Contents

Thecoinrepublic.com

Other articles published on May 1, 2024

Chainlink to Launch Financial Information eXchange (FIX) Blockchain Adapter

Top Crypto News That Will Make Headlines This Week

Decentralization of Social Media: A Path to User Empowerment

Will Bitcoin’s Price Drop to $50,000 Next?

Three Cryptos to Buy for 10x Gains After the Bitcoin Halving – Cardano, Rebel Satoshi Arcade, and...

The Bullish and Bearish Case for Shiba Inu (SHIB) Price

Join our free newsletter for daily crypto updates!