Aave

Ethereum

Toncoin

Lido Staked ETH

Let’s take a look at the cryptocurrency markets to see which ones the “whales” are putting their money into for July. 
The month of June is winding down, the market is heating up in preparation for July’s potential spot Ethereum ETF launch, and whales are aggressively purchasing certain cryptocurrencies. Toncoin (TON), Lido (LDO), and Aave (AAVE) are three of the most notable of these coins. “Lido” means “restocking” in whale language. In the field of decentralized finance (DeFi), Lido Finance stands head and shoulders above the competition. Customers in the retail sector can stake on this platform with as little as 32 ETH. The protocol’s creators announced a few months ago that it had surpassed all others on Ethereum in terms of size. Because of the benefits of liquid staking protocols, this is mostly the result. Users get Lido Staked ETH (stETH) tokens instead of locked assets, allowing them to stake on other DeFi protocols. 
An upward trend has been observed in the altcoin’s price over the last week. The market is now abuzz with speculation about the impending launch of spot ETFs on ETH, and whales are buying LDO in anticipation of a price increase. The percentage of LDO whales with 1,000,000 to 100,000,000,000 tokens rose 2% in the last seven days. The number of investors in this group has grown to 114. Their count fell to 111 addresses, the bare minimum for the current year, as of June 15th. Nevertheless, these investors have increased their purchases of LDO over the last week due to fresh news on the ETH-ETF theme. 
Significant Increases in Transaction Volume: Aave (AAVE) An increase in the volume of large transactions has been observed in AAVE, the governance token of the popular decentralized cryptocurrency lending platform Aave. There has been a 128% increase in the past month in the number of daily AAVE transactions involving $10,000 to $100,000. There was an 186% increase during that time for transactions with a value of $100,000 to $1 million. A rise in the number of large transactions suggests that large holders are becoming more active and interested. They are showing their faith in the asset’s ability to grow in value. 
The price of AAVE is currently above its 20-day exponential moving average. For the last 20 trading days, this line represents the average price. A bullish signal, suggesting more purchasing activity, is sent when the price of an asset surpasses it. 
Huge Uptick in Whale Activity: Toncoin (TON) With the popularity of the Telegram messaging app, the cryptocurrency Toncoin has experienced a growth of nearly 20% in the last 30 days. The altcoin hit a new high of $8.24 on June 15, but is now trading at about $7.59. The TON whales are aggressively increasing their reserves as coin holders anticipate its further growth. There has been a 12% increase in the number of TON investors holding 10 million to 100 million tokens over the past 30 days, according to on-chain analysis. There are 7,319 addresses that fall into this category of hodlers at the moment, the highest number since the token’s launch.

What digital currencies are whales planning to purchase in July in order to profit?

Blocksays

在 2024年6月28日發表的其他文章

Mark Cuban Begins Dumping Top ETH NFTs Like Pudgy Penguins; Are Investors Now Looking At DeFi Tok...

Notcoin and Blastup Investors Join MoonBag’s Top Crypto Presale in 2024 as Stage 6 is Ending Soon...

Bitwise Launches New Ad on Blockchain and Crypto Adoption

5 Altcoins You Should Keep an Eye on in July 2024

Solana Price Surged 6% With ETF Discussion In Market; New ATH Soon?

AVAX Price Rally To Surpass Solana Price Surge: Santiment

訂閱免費電子報，每天收取加密貨幣最新動態！