The post Crypto Whales Bet Big on These 3 Altcoins appeared on BitcoinEthereumNews.com.

Amid the broader market’s choppy nature, data reveals that crypto whales strategically purchased some altcoins. The savvy movement of these market participants is important to monitor, especially as they greatly influence prices. Here is a quick rundown of altcoins these big investors have quietly gathered in the second week of July 2024. Litecoin (LTC) Whales Transact Over 50% of Market Cap Crypto whales processed roughly $3.32 billion worth of Litecoin (LTC), according to IntoTheBlock. This significant whale activity is one of the reasons LTC’s price rallied by 19.86% in the last seven days. Notably, the transaction whales involved were responsible for more than 50% of the project’s market capitalization, indicating that interest in the token is not artificial. Besides that, the coin outperformed a number of layer-1 projects in this regard. Litecoin Large Transactions. Source: IntoTheBlock Currently, LTC trades at $69.00. However, if large transactions continue to jump, the value of cryptocurrency may be higher in the coming days. Did Low Prices Drive Avalanche (AVAX) Whales to Buy? Another token in this group is the token of Avalanche (AVAX), the project known for its speed, scalability, and development of smart contracts.  IntoTheBlock shows that crypto whales, who hold between 100,000 and 10 million AVAX, have been loading their balances since June. Further, the accumulation has not stopped as they continue to purchase the altcoins at perceived discount prices. Read More: Who Owns the Most Bitcoin in 2024? Avalanche Balance By Holdings. Source: IntoTheBlock At press time, AVAX trades at $25.21. Although this is a 2.21% decrease in the last 24 hours, the 9. 56% hike in the last seven days indicates that the influence of these whales is reflected. If these large investors continue to buy the token through the coming week, AVAX may bounce back from its recent dive.…

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Filed under: News - @ July 13, 2024 1:08 am