Accumulate

Uniswap

Toncoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-toncoin-uniswap-and-lido-in-august/" data-wpel-link="internal">Whales Accumulate Toncoin, Uniswap, and Lido in August</a> 
In August, a general market decline was observed, leading to a drop in many cryptocurrencies. Whales, focusing on turning current conditions into opportunities, seem to have started accumulating certain altcoins with the expectation of potential gains next month. Among the cryptocurrencies of interest to whales are Toncoin (TON), Uniswap (UNI), and Lido (LDO). 
<h2 id="toncoin-ton-accumulation">Toncoin (TON) Accumulation</h2> 
The value of Toncoin (TON) has dropped by 21% since August 24 following the detention of Telegram CEO Pavel Durov. Data provided by IntoTheBlock shows that TON whales have attracted attention with a 307% increase in the net flow of large holders. Whales seem to have taken advantage of this price drop to increase their holdings. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383993" src="https://coin-turk.com/wp-content/uploads/2024/08/whale-1-coin-turk-com.png" alt="" width="472" height="283"> 
When there is an increase in this metric, it is observed that whales buy more coins compared to sales. This upward trend generally encourages individual <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> to make purchases as well. Continued accumulation by whales could create greater demand for the <a href="https://en.coin-turk.com/crypto-market-insights-and-price-predictions-for-luna-and-lunc-coin/" data-wpel-link="internal">altcoin</a> and potentially lead to a price increase. 
<h2 id="uniswap-uni-comments">Uniswap (UNI) Comments</h2> 
As of last month, Uniswap’s native token UNI saw a 27% decline and is currently trading at $5.67. Despite the decline, the negative market value to realized value (MVRV) ratio suggests that the drop may have presented a potential buying opportunity. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383994" src="https://coin-turk.com/wp-content/uploads/2024/08/whale-2-coin-turk-com.png" alt="" width="501" height="166"> 
An asset’s MVRV ratio staying below zero can be interpreted as the asset being undervalued. This means its current price is lower than the average price of all tokens in circulation, which can be seen as a potential opportunity for investors looking to “buy the dip,” though this is entirely up to investor behavior. In the case of UNI, whales who believe the value is below what it should be have accelerated their token accumulation. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383995" src="https://coin-turk.com/wp-content/uploads/2024/08/whale-3-coin-turk-com.png" alt="" width="487" height="179"> 
According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by Santiment, the number of UNI whales holding between 1,000 and 1 million UNI tokens increased by 1% last month. As of today, there are 5,595 addresses in this group, marking the highest level reached since January 10. 
<h2 id="lido-ldo-outlook">Lido (LDO) Outlook</h2> 
The token powering the leading decentralized finance (DeFi) protocol Lido, LDO, also appears to have come under the radar of whales in recent days. Data provided by Santiment shows that whales holding between 100,000 and 1,000,000 LDO tokens currently hold 9% of the altcoin’s total circulating supply. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-383996" src="https://coin-turk.com/wp-content/uploads/2024/08/whale-4-coin-turk-com.png" alt="" width="496" height="188"> 
Santiment’s data indicates a 4% increase in the number of addresses holding between 100,000 and 1,000,000 LDO tokens last month. This increase shows that more large investors are accumulating LDO and their confidence in the token is growing. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-toncoin-uniswap-and-lido-in-august/" data-wpel-link="internal">Whales Accumulate Toncoin, Uniswap, and Lido in August</a></h5>
The post <a href="https://en.coin-turk.com/whales-accumulate-toncoin-uniswap-and-lido-in-august/" data-wpel-link="internal">Whales Accumulate Toncoin, Uniswap, and Lido in August</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Whales Accumulate Toncoin, Uniswap, and Lido in August

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