{"id":561991,"date":"2023-11-22T22:00:52","date_gmt":"2023-11-22T22:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=561991"},"modified":"2024-06-11T08:32:37","modified_gmt":"2024-06-11T08:32:37","slug":"whale-alert-big-players-scoop-up-these-4-altcoins","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/whale-alert-big-players-scoop-up-these-4-altcoins\/","title":{"rendered":"Whale Alert: Big Players Scoop Up These 4 Altcoins, On-Chain Data Indicates"},"content":{"rendered":"

The transactions of ‘whales’ \u2013 large-scale investors \u2013 often set the tone for market trends. So far, recent on-chain data<\/a> from Lookonchain, a renowned on-chain analytics platform, has unveiled a notable accumulation pattern in four specific altcoins.<\/p>\n

Maker (MKR), ssv.network (SSV), Coin98 (C98), and RSS3 have emerged as the latest targets of these accumulative efforts. The data shows a series of substantial withdrawals<\/a> of altcoins from Binance, a leading crypto exchange, hinting at a growing interest in these altcoins among heavyweight investors.<\/p>\n

Notably, this trend of whale accumulation<\/a> is not just a fleeting occurrence but a concerted effort that has been unfolding over recent months.<\/p>\n

Related Reading: Crypto Whales\u2019 Big Bet: An Examination Of Their 3 New Altcoin Targets<\/a><\/div>\n

Diving Deep Into Whale Transactions: A Closer Look at the Accumulated Altcoins<\/h2>\n

The analysis by Lookonchain reveals intriguing details about the accumulated assets. A new wallet, identified as \u201c0xB4aE\u201d, mainly made waves by withdrawing 10 million RSS3 tokens, valued at approximately $1.44 million, from the OKX exchange.<\/p>\n

This transaction underscores the growing interest in RSS3, a lesser-known crypto asset. In parallel, another prominent wallet, dubbed \u201c0xb6a7\u201d, substantially withdrew 114,227 SSV tokens from Binance, amounting to a value of about $1.93 million.<\/p>\n

\n

1\/ We noticed that whale\/fresh wallets are accumulating $MKR<\/a>, $SSV<\/a>, $C98 and $RSS3.\ud83d\udc47 pic.twitter.com\/AOIlNTVyux<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) November 22, 2023<\/a><\/p><\/blockquote>\n

This same investor also transferred 2.77 million C98 tokens from Binance, signaling a bullish stance on these specific altcoins. It is worth noting that these transactions exemplify the strategic moves<\/a> by whales, often aimed at leveraging market dynamics to their advantage.<\/p>\n

The Maker (MKR) Movement: Whale \u201c0x9e74 Leads the Charge<\/h2>\n

One of the most significant players in this scenario is the whale wallet \u201c0x9e74\u201d. Since July 2023, this investor has consistently withdrawn Maker (MKR) tokens from Binance, totaling roughly 4,776 MKR.<\/p>\n

The most recent transaction involved moving $1.7 million worth of MKR from the exchange, bringing the total worth of MKR withdrawn by this investor to about $6.9 million. This consistent and targeted accumulation of MKR suggests a strong confidence in the future of this particular altcoin.<\/p>\n

The Maker token, part of the MakerDAO ecosystem, has been a subject of interest<\/a>, mainly due to its role in decentralized finance (DeFi) as a lender.<\/p>\n

These large-scale movements by whales underscore a broader trend within the crypto world, where informed players are increasingly steering towards<\/a> altcoins with strong fundamentals and potential for substantial growth<\/a>.<\/p>\n

Related Reading: Pumping Altcoins All Have One Thing In Common: Crypto Whale Games<\/a><\/div>\n

Amid the accumulation of the altcoins above by whales, RSS3 and Maker are still the top gainers, with both altcoins seeing a surge in price by 34.8% and 10.7%, respectively, over the past two weeks.<\/p>\n

\"Maker
Maker (MKR) price is moving sideways on the 4-hour chart. Source: MKR\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

The remaining two altcoins, however, have seen slight gains and decline, with SSV seeing a mere 4.8% increase and C98 seeing an 8.6% plunge over the same period.<\/p>\n

Featured image from iStock Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

The transactions of ‘whales’ \u2013 large-scale investors \u2013 often set the tone for market trends. So far, recent on-chain data from Lookonchain, a renowned on-chain analytics platform, has unveiled a notable accumulation pattern in four specific altcoins. Maker (MKR), ssv.network (SSV), Coin98 (C98), and RSS3 have emerged as the latest targets of these accumulative efforts. The data shows a series of substantial withdrawals of altcoins from Binance, a leading crypto exchange, hinting at a growing interest in these altcoins among heavyweight investors. Notably, this trend of whale accumulation is not just a fleeting occurrence but a concerted effort that has been unfolding over recent months. Related Reading: Crypto Whales\u2019 Big Bet: An Examination Of Their 3 New Altcoin Targets Diving Deep Into Whale Transactions: A Closer Look at the Accumulated Altcoins The analysis by Lookonchain reveals intriguing details about the accumulated assets. A new wallet, identified as \u201c0xB4aE\u201d, mainly made waves by withdrawing 10 million RSS3 tokens, valued at approximately $1.44 million, from the OKX exchange. This transaction underscores the growing interest in RSS3, a lesser-known crypto asset. In parallel, another prominent wallet, dubbed \u201c0xb6a7\u201d, substantially withdrew 114,227 SSV tokens from Binance, amounting to a value of about $1.93 million. 1\/ We noticed that whale\/fresh wallets are accumulating $MKR, $SSV, $C98 and $RSS3.\ud83d\udc47 pic.twitter.com\/AOIlNTVyux \u2014 Lookonchain (@lookonchain) November 22, 2023 This same investor also transferred 2.77 million C98 tokens from Binance, signaling a bullish stance on these specific altcoins. It is worth noting that these transactions exemplify the strategic moves by whales, often aimed at leveraging market dynamics to their advantage. The Maker (MKR) Movement: Whale \u201c0x9e74 Leads the Charge One of the most significant players in this scenario is the whale wallet \u201c0x9e74\u201d. Since July 2023, this investor has consistently withdrawn Maker (MKR) tokens from Binance, totaling roughly 4,776 MKR. The most recent transaction involved moving $1.7 million worth of MKR from the exchange, bringing the total worth of MKR withdrawn by this investor to about $6.9 million. This consistent and targeted accumulation of MKR suggests a strong confidence in the future of this particular altcoin. The Maker token, part of the MakerDAO ecosystem, has been a subject of interest, mainly due to its role in decentralized finance (DeFi) as a lender. These large-scale movements by whales underscore a broader trend within the crypto world, where informed players are increasingly steering towards altcoins with strong fundamentals and potential for substantial growth. Related Reading: Pumping Altcoins All Have One Thing In Common: Crypto Whale Games Amid the accumulation of the altcoins above by whales, RSS3 and Maker are still the top gainers, with both altcoins seeing a surge in price by 34.8% and 10.7%, respectively, over the past two weeks. The remaining two altcoins, however, have seen slight gains and decline, with SSV seeing a mere 4.8% increase and C98 seeing an 8.6% plunge over the same period. Featured image from iStock Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":526928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,12532,79658],"class_list":["post-561991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-makerdao","tag-mkrusdt"],"acf":[],"yoast_head":"\nWhale Alert: Big Players Scoop Up These 4 Altcoins, On-Chain Data Indicates<\/title>\n<meta name=\"description\" content=\"Recent on-chain data from Lookonchain, an on-chain analytics platform, has unveiled a notable pattern of accumulation in 4 altcoins...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whale Alert: Big Players Scoop Up These 4 Altcoins, On-Chain Data Indicates","url":"http:\/\/wncen.com\/news\/whale-alert-big-players-scoop-up-these-4-altcoins\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/whale-alert-big-players-scoop-up-these-4-altcoins\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","makerdao","mkrusdt"],"dateCreated":"2023-11-22T22:00:52Z","datePublished":"2023-11-22T22:00:52Z","dateModified":"2024-06-11T08:32:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whale Alert: Big Players Scoop Up These 4 Altcoins, On-Chain Data Indicates\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/whale-alert-big-players-scoop-up-these-4-altcoins\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/whale-alert-big-players-scoop-up-these-4-altcoins\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?fit=1140%2C815\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"makerdao\",\"mkrusdt\"],\"dateCreated\":\"2023-11-22T22:00:52Z\",\"datePublished\":\"2023-11-22T22:00:52Z\",\"dateModified\":\"2024-06-11T08:32:37Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=561991"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/526928"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}