Large cryptocurrency holders, known as whales, are actively increasing their positions in Ethereum, Avalanche, and Polkadot, indicating a potential return of altseason.
Whales Actively Buy in the Crypto Market
Large cryptocurrency holders are increasing their purchases, focusing on Ethereum, Avalanche, and Polkadot. In just eight days, one unidentified entity acquired ETH worth $1.34 billion, triggering interest in the possible return of altseason.
The Return of Altcoin Season
The Altcoin Season Index, tracked by CoinMarketCap, has fluctuated between 29 and 35 this month, indicating that 35 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the last 90 days. This highlights a potential shift in interest towards altcoins among retail investors.
Interest in New Projects and the Rise of MAGACOIN FINANCE
The MAGACOIN FINANCE project is attracting buyers' attention with its rapidly developing community. The increasing pace of token allocations for this project indicates a growing interest, even though it does not directly compete with major players like Ethereum or Polkadot.
The movements of large cryptocurrency holders, such as Ethereum accumulations and growing interest in new projects, may signal a potential return of altseason, making it important to monitor changes in market activity.
