The post Crypto Whales Are Buying These Altcoins Amid the Market Crash! appeared first on Coinpedia Fintech News
After Eric Trump, the Executive Vice President of the Trump Organization, posted on X that now is a great time to add Ethereum (ETH), the calls for altseason has significantly increased. The ETH/BTC pair recently retested the multi-year support level around 0.023, signaling the much-anticipated rebound in the near term.
Moreover, crypto analyst Benjamin Vowen believes that the Federal Reserve will start the much anticipated Quantitative Easing (QE) in the near future to further stir up the U.S. economy.
Top Altcoins With High Whales Activity to Consider
Floki (FLOKI)
Floki (FLOKI, a top-tier memecoin listed on major crypto exchanges, has experienced a 4x growth in whale activity this week compared to last week, according to market data from Santiment.
The mid-cap memecoin, with a fully diluted valuation of about $994 million and a 24-hour average trading volume of about $273 million, has been retesting a crucial support level of a rising trend. As a result, it is prudent to pay attention to FLOKI amid the highly anticipated altseason.
Chainlink (LINK)
Chainlink (LINK) has attracted more whale investors since the support from Donald Trump-backed World Liberty Financial (WLFI). The large-cap altcoin, with a fully diluted valuation of about $19.6 billion and a 24-hour average trading volume of around $1.2 billion, has been forming a bullish continuation pattern in the last few weeks.
According to on-chain data analysis from Santiment, LINK has registered the highest whale activity in 14 months, whereby around 1,659 transactions involving $100k were recently recorded.
Aave (AAVE)
Amid the ongoing crypto correction, AAVE has recorded a 4x rise in whale activity compared to last week, according to on-chain data analysis from Santiment. The mid-cap altcoin, with a fully diluted valuation of about $4.3 billion and a daily average trading volume of about $843 million, has been forming a bullish pennant.
Already in a rising trend, AAVE’s price is well-positioned to retest its all-time high in the near future.
Maker (MKR) now Sky (SKY)
Following the mainstream adoption of decentralized stablecoins, the USDS (USDS) project has emerged as a top-tier financial tool, with a market capitalization of about $7.3 billion. Sky (SKY), which morphed from Maker (MKR), has also experienced a 4x growth in whale activity in the past few days compared to last week.