The cryptocurrency market closed February with disappointment, as many altcoins significantly lost value. However, certain major investors have shifted their focus to specific coins, raising hopes for price increases. This activity may signal a possible recovery in March, prompting interest in which altcoins are receiving considerable attention from these large investors.
Litecoin (LTC) Tops Whales’ Interest
Litecoin stands out among altcoins attracting significant interest from large investors. Despite the overall market downturn, Litecoin has shown resilience, losing only about 7% in the past week while other altcoins suffered double-digit declines. Analysts attribute this interest in Litecoin to expectations of a potential ETF approval.
Data indicates that the amount of LTC held by large investors continues to rise, with whale purchases increasing by 233,280 coins, signaling significant accumulation. If this trend persists, Litecoin could be one of the first altcoins to recover in March. However, if whales begin to sell, a new drop in LTC prices could occur.
Uniswap (UNI) Faces High Interest
Another altcoin on the whales’ radar is Uniswap (UNI). As a significant project in decentralized finance (DeFi), Uniswap gained attention after the SEC announced the conclusion of its investigation into the protocol. Despite this news, the anticipated price increase for UNI did not materialize.
Nevertheless, whales continue to accumulate UNI coins. According to Santiment data, wallet addresses holding between 10 million and 100 million UNI have seen their balances rise to 110.88 million coins, equating to approximately $750 million in volume. If whale interest persists, some of the 22% decline experienced in February may be recovered, but a reduction in buying pressure could see UNI coin prices fall below $6.
Lastly, Ethereum 
$2,486-based Optimism (OP) is another altcoin capturing whale interest. Despite a 40% decline since the start of the year leading to a loss of investor interest, whales are still buying OP coins at lower prices. Data from IntoTheBlock shows a rise in large investor inflow to 2.53 million for this altcoin, indicating more buying than selling.
If this accumulation continues, the price of OP could rise to $2. However, if this upward trend does not persist, the price could dip below $1.
