According to Onchain Data, Giant Cryptocurrency Whales Have Jumped on These 5 Altcoins Following Recent Developments

Bitget App

Trade smarter

Bitcoinsistemi2025/01/02 09:11

By:Mete Demiralp

According to cryptocurrency onchain data, three different cryptocurrency whales purchased large amounts of five altcoins following the recent developments.

According to cryptocurrency onchain data, major crypto whales have begun accumulating large amounts of several altcoins following the recent developments.

Three Different Whales Bought Lots of Five Different Altcoins

Data revealed that whales have started accumulating Lido Finance (LDO), Binance Coin (BNB), POPCAT, Raydium (RAY), and Grass (GRASS).

The cryptocurrency whale with the short address 0x345f revealed that he withdrew 5,550 BNB worth $3.89 million and 1.22 million LDO worth $2.21 million via Binance, according to the data.

The cryptocurrency whale with the short address 7Vu4ar purchased 3.3 million POPCATs for a total value of $2.53 million via Bybit.

The last crypto whale, the A3jiR5 short whale, withdrew 1.1 million GRASS tokens worth $2.74 million from Bybit and 740 thousand RAY tokens worth $3.63 million from Binance.

The cryptocurrency market cap remains strong at $3.27 trillion, but Bitcoin remains strong above $90,000, despite losing 5% in the last seven days.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block•2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block•2025/01/30 21:34