Accumulate

Ondo

Cardano

Arbitrum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-investors-accumulate-specific-altcoins/" data-wpel-link="internal">Major Investors Accumulate Specific Altcoins</a> 
The <a href="https://en.coin-turk.com/bakkt-reports-significant-revenue-growth-despite-net-loss/" data-wpel-link="internal">cryptocurrency market</a> has been moving upwards recently, and large <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, 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 <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> performance. Here are the altcoins that the analyst reports are under heavy accumulation. 
<h2 style="text-align: justify" id="strong-arbitrum-arb-strong">Arbitrum (ARB)</h2> 
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. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-374786" src="https://coin-turk.com/wp-content/uploads/2024/07/Arbitrum-ARB.png" alt="" width="2816" height="1696"> 
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. 
<h2 style="text-align: justify" id="strong-ripple-xrp-strong">Ripple (XRP)</h2> 
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. 
<h2 style="text-align: justify" id="strong-ondo-ondo-strong">Ondo (ONDO)</h2> 
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. 
<h2 style="text-align: justify" id="strong-cardano-ada-strong">Cardano (ADA)</h2> 
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. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/major-investors-accumulate-specific-altcoins/" data-wpel-link="internal">Major Investors Accumulate Specific Altcoins</a></h5>
The post <a href="https://en.coin-turk.com/major-investors-accumulate-specific-altcoins/" data-wpel-link="internal">Major Investors Accumulate Specific Altcoins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Major Investors Accumulate Specific Altcoins

Table of Contents

COINTURK NEWS

Other articles published on Jul 29, 2024

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

Celestia’s New Rival Launches in Mainnet: What is Avail DA?

Bitcoin Investors Increase Their Confidence

WazirX Faces Criticism Over Compensation Plan After Hack

Bitcoin, Ethereum, Dogecoin Move Sideways As Trump Raises Pro-Crypto Pitch - Why Does This Analys...

The Punishment of the Hacker Who Seized More than 500 Coinbase Accounts Has Been Announced! Here ...

Join our free newsletter for daily crypto updates!