Global financial markets breathed a sigh of relief with reports of the end of the conflict between Israel and Iran. President Donald Trump announced that he had organized a ceasefire, just 48 hours after Iran's attack. This led to a rise in cryptocurrency values.
Thus, BeInCrypto analyzed three cryptocurrencies that appear to be rapidly purchased by whales following the ceasefire.
Virtualz Protocol ($VIRTUAL )
The Virtualz Protocol has seen interest from whales, albeit minimal, with only $25,000 worth of #VIRTUAL purchased in the last 24 hours. Nevertheless, the alternative currency also faced significant selling pressure, showing a balance between accumulation and distribution. This led to mixed market sentiment regarding the asset's price movement in the near term.
The recent selling was mostly profit-taking, as whales capitalized on the 23% rise in VIRTUAL's price over the last 24 hours. However, selling activity outpaced accumulation, with nearly a million VIRTUAL entering exchanges during this time. This indicates that many investors are looking to secure gains rather than accumulate more.
VIRTUAL whale activity.
VIRTUAL remains a major alternative currency to watch after a strong start in the second quarter, maintaining growth despite broader market pullbacks. If whale accumulation strengthens, VIRTUAL could push above $2 again, indicating the potential for continued upward momentum. Investor interest will largely depend on the actions of key market players.
Uniswap ($UNI )
Whales bought over 200,000 UNI, worth more than $1.4 million, within just 12 hours today. This spike in whale activity follows a positive market response to the ceasefire announcement, which seems to have rekindled interest among large investors in Uniswap's potential.
The effects of this whale accumulation are reflected in the price of Uniswap, which rose by 9% over the last 24 hours. This price movement indicates strong demand from larger market players, demonstrating confidence in Uniswap's future growth despite broader market uncertainty.
Whale activity#UNI .
However, the future trend remains uncertain, as exchanges are not showing significant inflows, indicating that selling activity remains low. Whether this will lead to further accumulation or profit-taking by investors will depend on how the broader market reacts in the coming days.
Aerodrome Finance ($AERO )
AERO has seen similar whale activity to UNI, as whales are gradually accumulating the asset. In less than 24 hours, over 2 million AERO were purchased, worth more than $1.6 million. This accumulation indicates growing interest from large investors, setting a positive tone for AERO's price movement.
#AERO has attracted investors' attention due to its impressive rise of 61% since the beginning of June. The alternative currency is now approaching the $1 mark, currently just 19% away from hitting this key price level. This growth indicates strong momentum, making AERO an increasingly attractive investment.
AERO whale activity.
This growth is likely to continue as investors focus on accumulating AERO rather than selling it. After a 5% price increase, exchanges are showing more outflows than inflows, indicating that buying activity is outpacing selling. This trend suggests ongoing confidence among investors and the potential for further price increases.
