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The cryptocurrency market has been moving upwards recently, and large investors, known as whales, have started to show intense interest in certain altcoins. According to the latest analysis by Altcoin Buzz, four altcoins are being heavily accumulated by major investors, which could be a positive sign for their future performance. Here are the altcoins that the analyst reports are under heavy accumulation.
Arbitrum (ARB)
Arbitrum has caught the attention of large investors despite losing 57.5% of its value since the beginning of the year. Data from IntoTheBlock shows an 87% increase in large investors’ ARB holdings over the past seven days.
This indicates that these investors expect a recovery after the price drop. Additionally, increased institutional interest and adoption are highlighted as key reasons for this interest.
Ripple (XRP)
XRP has recently started to attract increasing interest from large investors. According to data from Santiment, the number of wallet addresses holding between 100 million and 1 billion XRP has increased since July 23. This rise indicates growing confidence among large investors in XRP and a positive market sentiment.
Moreover, the potential resolution of regulatory uncertainties is among the factors attracting investors to XRP.
Ondo (ONDO)
Ondo continues to attract large investors despite being 33% below its all-time high. Data from IntoTheBlock shows high levels of institutional interaction and adoption for the altcoin in recent months.
Investors seem to consider Ondo’s current price low, presenting an attractive opportunity for a potential future price recovery.
Cardano (ADA)
Cardano recorded an extraordinary 10,878% increase in large investors’ fund inflows in just one day. ADA showed a strong upward trend, rising 31% from $0.31 on July 5. This price recovery indicates that large investors are heavily accumulating ADA and expect a full price recovery.
