Accumulate

bullish

Value

Toncoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-accumulate-cryptocurrencies-heavily" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Cryptocurrencies Heavily</a><br></p>
<p style="text-align: justify">Over the past week, the cryptocurrency market saw a notable decline, with a global market value drop of 4% within 24 hours. Despite this downturn, certain assets attracted significant interest from large <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, who anticipate a potential market rise <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>. These whales have been trading against the prevailing market trend, indicating a strategic move.</p>
<h2 id="ton-chart-analysis-a-buy-signal">TON Chart Analysis: A Buy Signal?</h2>
<p style="text-align: justify">Toncoin (TON) experienced a notable 17% price drop last month. However, on-chain data indicates that this decline has been seen as a buying opportunity by major investors. The Market Value to Realized Value (MVRV) ratio for TON suggests that the altcoin is currently undervalued, prompting a buy signal. Consequently, there has been a 2% increase in the number of TON whales holding between 100,000 and 10,000,000 tokens. This accumulation trend might boost individual investor interest, potentially driving the token’s price up to $6.81.</p>
<h2 id="tron-whale-activity-what-does-it-mean">Tron Whale Activity: What Does It Mean?</h2>
<p style="text-align: justify">Data from IntoTheBlock reveals a significant 243% increase in net flows of <a href="https://en.bitcoinhaber.net/tron-blockchain-leads-in-hosting-crypto-scams-despite-overall-decline-in-illegal-activity" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a> held by major whales over the last 30 days. Major holders, possessing more than 0.1% of the circulating supply, elevated their purchasing activity, indicating a bullish market sentiment. Despite TRX’s sideways trading within a horizontal channel throughout July, continued accumulation by whales could spur wider demand and push the token’s price to $0.13.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>An increase in whale activity in TON suggests an undervalued asset, signaling a potential buying opportunity.</li>
 <li>Tron’s elevated whale accumulation could be a precursor to a price rally.</li>
 <li>BNB’s evolving CMF data points to a possible bullish divergence despite its current sideways trading.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">In conclusion, while the broader cryptocurrency market faces a downturn, select assets are witnessing increased whale accumulation. This activity may serve as a harbinger for potential price rallies in the coming weeks. Investors should monitor these trends closely as they could present significant trading opportunities.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whales-accumulate-cryptocurrencies-heavily" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Cryptocurrencies Heavily</a></h5>

Whales Accumulate Cryptocurrencies Heavily

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