Litecoin

Polygon

<h4><strong>So, September didn’t start as we’d all hoped. Prices dropped about 5% in the first week. And lots of traders hit pause and are just watching as things play out.</strong></h4> 
<p><span style="font-weight: 400;">But we’ve been keeping tabs on the whales, the guys with the deep pockets. And these guys are still going hard after some coins despite the turbulence.&nbsp; </span><span style="font-weight: 400;">Why should you care? Because whale activity can give us an idea of what’s about to pop or where the market’s headed. So, today, we’ll look at three major crypto whales are going hard after. We’ll also give you some updates on each coin and why they could be up to something. </span></p> 
<h5><b>1) Polygon ($POL)</b></h5> 
<p><span style="font-weight: 400;">The first on our list is Polygon. The Ethereum scaling solution officially moved from its old $MATIC token to <a href="https://www.altcoinbuzz.io/?s=POL" target="_blank" rel="noopener">$POL</a> on September 4th. Lots of people expected the switch to lead to some selling. But the opposite has been the case.&nbsp;</span></p> 
<p><span style="font-weight: 400;">On-chain data shows an increase in whale wallets buying $POL. Whale wallets hold between 100,000 and 1,000,000 $POL. The number of these wallets grew by over 90%. Around 33% of these wallets now control 5% of the total $POL supply.&nbsp;</span><span style="font-weight: 400;">Although $POL has stayed around $0.38, increased whale activity suggests their faith that prices could go up in the future.&nbsp;</span></p> 
<p><img decoding="async" class="wp-image-150520 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbnghghjyuy-286x300.png" alt="" width="542" height="568" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbnghghjyuy-286x300.png 286w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbnghghjyuy.png 395w" sizes="(max-width: 542px) 100vw, 542px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xPolygon/status/1831377459499167783" target="_blank" rel="noopener">X</a></strong></h6> 
<h6><b>What Makes POL Different?</b></h6> 
<p><span style="font-weight: 400;">$POL has some similarities with MATIC. For example, it’s still used for staking and paying transaction fees in the Polygon ecosystem. But $POL has some <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/matic-to-pol-conversion-guide/" target="_blank" rel="noopener">new features</a>. $POL is designed to:&nbsp;</span></p> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Improve security.</span></li> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Handle more transactions.&nbsp;</span></li> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Enable users to stake across multiple Polygon chains.&nbsp;</span></li> 
</ul> 
<p><span style="font-weight: 400;">The transition to $POL focuses on making Polygon more secure and better.</span></p> 
<h5><b>2) Litecoin ($LTC)</b></h5> 
<p><span style="font-weight: 400;">Next up is <a href="https://www.altcoinbuzz.io/?s=litecoin" target="_blank" rel="noopener">Litecoin ($LTC)</a>. Now, Litecoin might not be the first coin you think of, but the data from Santiment tells a different story. Since late August, Litecoin has seen a surge in whale activity. Now, whale activity isn’t exactly new for Litecoin, but what makes it interesting this time is that it’s happening during a market slump.</span></p> 
<p><img decoding="async" class="wp-image-150523 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbcvvbnnbvbmnhj-297x300.jpg" alt="" width="534" height="539" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbcvvbnnbvbmnhj-297x300.jpg 297w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbcvvbnnbvbmnhj-150x150.jpg 150w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxbcvvbnnbvbmnhj.jpg 395w" sizes="(max-width: 534px) 100vw, 534px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/santimentfeed/status/1832220346956836931" target="_blank" rel="noopener">X</a></strong></h6> 
<p><span style="font-weight: 400;">According to Santiment, there’s been a big jump in <a href="https://x.com/litecoin_dr/status/1830771043323256973" target="_blank" rel="noopener">Litecoin transactions</a> over $100,000. In the last week of August, there were around 800 of these transactions. But by September 7, that number shot up to about 1,100—a 25% increase in just one week!</span></p> 
<h6><b>Getting noticed on social media</b></h6> 
<p><span style="font-weight: 400;">And it’s not just about the transactions. Litecoin is getting a lot more attention on social media too. The discussion rate around LTC went from less than 0.3% at the end of August to almost 3% by September 7th. That’s a massive jump.</span></p> 
<p><img decoding="async" class="wp-image-150526 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvcbghgjhjg-300x280.jpg" alt="" width="541" height="505" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvcbghgjhjg-300x280.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvcbghgjhjg.jpg 395w" sizes="(max-width: 541px) 100vw, 541px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CryptoBull_360/status/1831240938884096122" target="_blank" rel="noopener">X</a></strong></h6> 
<p><span style="font-weight: 400;">We believe this spike in social media buzz is something to watch, whether you’re into Litecoin or not. </span><span style="font-weight: 400;">All of this—the rise in whale transactions and the social media hype—suggests that investors are watching Litecoin. Something huge could be on the way. Keep an eye on it</span></p> 
<h5><b>3) Bitcoin ($BTC)</b></h5> 
<p><span style="font-weight: 400;">This might come as a surprise but whales are buying <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a>. And that’s not my opinion, on-chain data backs this up. </span><span style="font-weight: 400;">Lately, the number of wallets holding over 100 BTC has hit its highest point in 17 months. This shows that whales are still interested.&nbsp;</span></p> 
<p><img decoding="async" class="wp-image-150529 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbnmhjghjg-269x300.jpg" alt="" width="538" height="600" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbnmhjghjg-269x300.jpg 269w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbnmhjghjg-377x420.jpg 377w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcxvbnmhjghjg.jpg 395w" sizes="(max-width: 538px) 100vw, 538px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/lookonchain/status/1830904073341804575" target="_blank" rel="noopener">X</a></strong></h6> 
<p><span style="font-weight: 400;">Check this out: Bitcoin whales have accumulated over $7.6 billion BTC in just 30 days. The smaller investors are selling off their BTC because of market ups and downs. But, the whales are in for the long term.&nbsp;</span></p> 
<p><span style="font-weight: 400;">One whale bought 322.37 $BTC($19M) on September 3, and a total of 2,322.37 $BTC($136M) in 5 days. He currently holds 8,881 $BTC($523M). Another whale&nbsp;</span><span style="font-weight: 400;">bought 545 $BTC($30.82M) shortly after the recent price drop. This whale bought 862 $BTC($49M) from the bottom at an average price of $56,993 within 3 days.</span></p> 
<p><img decoding="async" class="wp-image-150531 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/cvxbgfhfgdertrtytu-300x267.jpg" alt="" width="551" height="490" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/cvxbgfhfgdertrtytu-300x267.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/cvxbgfhfgdertrtytu.jpg 395w" sizes="(max-width: 551px) 100vw, 551px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/lookonchain/status/1830917866855731645" target="_blank" rel="noopener">X</a></strong></h6> 
<h6><b>October is Coming</b></h6> 
<p><span style="font-weight: 400;">It makes sense that Bitcoin whales are accumulating BTC in September. That’s because historically, BTC declines in September and surges in October. Data from 2013 to 2023 backs this up. Bitcoin only experienced a decline in October 2014 and October 2018. Both were during bear markets. Besides that, October always brings double-digit gains for BTC holders. </span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg"></a></p> 
<div class="youtube-embed" data-video_id="rdyoSaptArA">
 <iframe title="Crypto Whales Are Buying These 2 ALTCOINS" width="696" height="392" src="https://www.youtube.com/embed/rdyoSaptArA?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/crypto-whales-are-buying-these-2-altcoins-2/">Crypto Whales Are Buying These 2 ALTCOINS</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Crypto Whales Are Buying These 2 ALTCOINS

Altcoin Buzz

Other articles published on Sep 12, 2024

New $0.015 Presale Token Poised For Rally To Outrun Chainlink And Shiba Inu In Stormy Markets

Anchorage Digital and 21Shares Forms Custody Partnership

Polygon Upgrades $MATIC Token to $POL: What It Means for the Network and Holders

AAVE, GRT, MANA could surge if this happens

Bitcoin Eyes $60K, Ethereum Targets $2,400: Can the Rally Last?

Pantera Capital-backed Vega Protocol shuts down layer-1 chain

Join our free newsletter for daily crypto updates!