Shiba

Bitcoin

Shiba Inu

<p>New show of strength in the crypto universe: whales have this time set their sights on well-known altcoins such as PEPE, LINK, and MKR. The volume of their purchases is so enormous that it surprises the entire community.</p> 
<h2 id="h-the-whales-stir-the-choppy-waters-of-the-crypto-universe">The whales stir the choppy waters of the crypto universe</h2> 
<p>The <strong>dance of the crypto whales</strong> is closely watched by traders. Recently, as Bitcoin lost <a href="https://www.cointribune.com/en/bitcoin-falls-below-57000-as-hopes-of-recovery-fade/" target="_blank" rel="noreferrer noopener">about 20% of its value</a>, wealthy investors have grabbed <strong>a colossal sum in bitcoins</strong>, hinting at a possible turnaround. And it seems that the whales are not ready to stop, even as Bitcoin and altcoins like <a href="https://www.cointribune.com/en/crypto-shiba-inu-spectacular-rebound-after-a-week-of-turbulence/" target="_blank" rel="noreferrer noopener">Shiba Inu</a> regain their momentum.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Recent data from Loononchain, reported by <a href="https://coingape.com/5-crypto-whales-aggressively-accumulate-pepe-link-and-more/" target="_blank" rel="noreferrer noopener">CoinGape</a>, reveal the <strong>significant movements</strong> of two giant whales in the crypto universe, recently active in the <strong>massive purchase of five different altcoins</strong>.</p> 
<p>The first whale, identified by the address 0x1A2E, acquired <strong>322.48 billion PEPE worth $2.78 million</strong> on Binance, while the second whale, under the address 0x1a2, bought <strong>$7.75 million worth of PEPE</strong>, transferring 915.85 billion PEPE to its cold wallet. Moreover, the investor “aavebank.eth” also bolstered their positions with massive purchases of UNI, LINK, MKR, and ENS, withdrawing substantial amounts of money from Binance in just six hours.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noreferrer noopener">Buy cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<p>These movements are closely scrutinized by analysts and investors, as they could foreshadow <strong>significant price changes</strong> and reveal the general market sentiment. Notably, the action of the investor “0x1A2E” suggests <strong>a strong and bullish position on PEPE</strong>, signaling potential future appreciation. The timing and scale of this transaction may indicate that insiders are confident in the asset’s performance.</p> 
<p>Similarly, the massive withdrawals of “aavebank.eth” from Binance indicate <strong>a strategic investment in different crypto assets</strong>.</p> 
<div class="affiliate-button"> <span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/en/newsletters-en/" data-target="_blank" data-rel="noreferrer noopener">Discover our newsletter</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">This link uses an affiliate program.</span> 
</div> 
<h2 id="h-the-market-whales-bet-on-potential-rises">The “market whales” bet on potential rises</h2> 
<p>Whales’ massive withdrawal of cryptocurrencies can <strong>create a significant liquidity shortage</strong>, thus destabilizing prices. These investors can boost prices by reducing the supply available on exchanges, signaling the long-term value of their assets.</p> 
<p>This movement of massive withdrawal by the whales denotes <strong>increased confidence in the upcoming appreciation of the value of these digital assets</strong>. It seems they are adopting a long-term approach rather than seeking immediate profits.</p>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview--mini-chart--dark"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:PEPEUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
 </div> 
 <div class="tradingview--mini-chart--light"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:PEPEUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
 </div> 
 <div class="tradingview-widget-copyright">
  <a href="https://fr.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">PEPEUSDT chart</span></a> by TradingView
 </div> 
</div>  
<p>Trading activity for PEPE is picking up, with bullish technical indicators. The MACD indicator has signaled a bullish crossover, confirming increasing buying momentum. Additionally, the RSI indicator shows strong buying pressure, indicating further growth potential in prices.</p>

Crypto: These whales take control by massively buying altcoins

Table of Contents

Cointribune EN

Další články publikované 6. 5. 2024

Bitcoin (BTC) Price Enters 150 Days of Time-Based Capitulation, What’s Next?

Crypto Investment Update: Algotech Platform Announces $1.2M Investment in H100 Computing, Attract...

GBM Auctions to Host Memorabilia Auction with Polkadot Creator Dr. Gavin Wood

Worldcoin jumps 20%: Is Bitcoin’s return to $64K the only reason why?

Bank of England’s committee in policy disarray – what it means for the economy

Worldcoin Price Prediction: Is WLD $10 Target on the Horizon

Join our free newsletter for daily crypto updates!