The cryptocurrency market as a whole has seen a solid recovery this week, as evidenced by a 4% increase in Capital .
This recovery has led crypto investors to accumulate various altcoins, indicating an intention to take advantage of potential gains as market conditions improve.
Polygon ( Matic )
Matic has attracted significant attention from many whale investors this week as Token holders prepare for the upcoming migration from Matic to POL , scheduled to take place on September 4. This anticipation has driven Matic ’s value up 33%, making it the best-performing asset among the top 100 cryptocurrencies this week.
The double-digit price surge has attracted many large investors, with the number of whale addresses holding between 1,000,000 and 100,000,000 Matic Token rising to a one-month high of 316.
Litecoin (LTC)
Litecoin (LTC) has seen a significant increase in whale accumulation during the review week . Data from IntoTheBlock shows that the net inflow of large holders of the coin has increased by 141% over the past seven days.
Large holders are defined as addresses that hold more than 0.1% of an asset's circulating supply. Large Holder Net Flow tracks the buying and selling activity of these wallets.
When this indicator increases, it signals that whales are accumulating more coins, which is a bullish indicator that often prompts retail investors to follow suit. A positive increase in net inflows from large holders indicates growing optimism among large investors, indicating the potential for an upcoming bull run.
At the time of writing, LTC is trading at $64.08. If whale accumulation continues, the price could rise above $70, potentially reaching $73.87.
ETHEREUM (ETH)
Despite strong resistance at the $2,700 price level, Ethereum (ETH) whale investors continue to increase their holdings.
As of press time, ETH is trading at $2,674, with the price fluctuating in a tight range since August 9, encountering resistance at $2,715 and finding support at $2,538.
These sideways moves have not stopped ETH whales from accumulating more. According to Santiment, the number of whale addresses holding between 10,000 and 100,000 ETH has reached 1,008, the highest level in more than a month.
This steady accumulation shows that large holders remain optimistic about ETH's future, even as the asset faces important resistance levels.
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