Whales Show Renewed Interest in Altcoins

user avatar

by Giorgi Kostiuk

2 years ago

Whales, known for their significant influence in the crypto market, are returning to altcoins, focusing on ten notable coins and tokens.

Reassessment of Old Assets

Santiment analysts noted a significant increase in large transactions with ten notable assets in the past week. Among them, DeXe and AIOZ led with 1,000% and 706% growth in whale activity. Bitfinex's Unus Sed Leo (LEO) also saw a 400% spike, suggesting influence from Bitfinex participants. Maker (MKR) was an exception, with 120% activity signaling potential selling.

Interest in Web3 Tokens

Whales have also turned their attention to Web3 tokens, including Mantle (MNT), Safe (SAFE), SuperVerse (SUPER), and Decentraland (MANA), aiming to recover their 2021 highs. MNT is trading near its three-month peak at $1.27, SAFE has rebounded to $1.06, and MANA has consolidated around $0.52.

Is Altcoin Season Returning?

The altcoin season index is once again seeking direction, sliding to 53 points after a recent local high of 59 points. While an altcoin rally is expected in Q1, there are fears of another significant drawdown. Historically, rallies occurred in the first quarter, but the focus is now on whether older assets will join the rise.

The interest of whales in altcoins signals a potential resurgence, yet the market remains volatile, prompting cautious optimism from investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Releases New Guidelines for AI in Banking

The US Office of the Comptroller of the Currency (OCC) has released its first supervisory framework for artificial intelligence in banking, focusing on the implications of AI mistakes rather than its capabilities.

user avatarJesper Sørensen

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.