This week saw significant activity from whales (large investors) on three cryptocurrencies, reflecting renewed confidence in the market and the likelihood of a near-term rise in the prices of these assets:
1. Ethereum (ETH):
After the successful upgrade of "Piktra" and the calm in the markets following the U.S. Federal Reserve meeting, the price of ETH surpassed $2000. The inflows from large investors increased by 374%, indicating expectations for the price to remain above this level.
2. Apecoin (APE):
The currency rose by 13% over the week, while whales purchased 640,000 tokens. This reflects increasing optimism about a potential upcoming rise.
3. Polygon (POL):
Wallets holding between 1 million and 10 million POL bought over 3.2 million tokens last week. Accumulation appears to be ongoing, which boosts the chances of continued upward movement.
Summary:
The return of the whales means that the market may be on the verge of a new wave of increases. Monitoring their movements could be key to promising investment opportunities.