Altcoins Crypto Whales Accumulated: AAVE, VIRTUAL, ONDO
Altcoin crypto whales have seen huge price gains this week as they accumulate. However, BeInCrypto observed that the strategies of these whales appear to have changed compared to those accumulated in previous weeks..
In this analysis, we reveal some of the top altcoin crypto whales bought during the second week of December 2024.
AAVE
ghostDecentralized lending platform token, at the top of the list Altcoins Crypto whales have accumulated funds this week. Data from IntoTheBlock shows that on December 11, net flows (a metric that tracks whale activity) from large AAVE holders was just under 4,000.
As of this writing, the number has climbed to 87,860, indicating that crypto whales are increasing their exposure to cryptocurrencies Decentralized Finance Token. At the altcoin’s current value, this accumulation suggests whales purchased approximately $35 million worth of tokens.
This purchase seems to have affected AAV PriceIt has gained 42% in the past seven days and is currently trading at $370.34. In addition to whale activity, price spikes may also be related to the following factors: Donald Trump’s Cryptocurrency Project Reported acquisition of altcoins.
If whales continue to buy, then the value of AAVE may continue to rise. However, if selling pressure comes into play, things could change and some of the gains could be lost.
Virtual protocol (VIRTUAL)
VIRTUAL is the native token of the AI protocol built on the Base chain and one of the altcoins purchased by crypto whales this week.
According to Santiment, addresses holding between 100 million and 1 billion virtual tokens have accumulated large amounts of altcoins. For example, yesterday, December 12, the balance held by these addresses was 145,000 tokens.
Today, this number has increased to 6.44 million, indicating that crypto whales purchased approximately 6.3 million virtual tokens, worth nearly 15 million. therefore, VIRTUAL prices hit all-time highswith a transaction volume exceeding US$220 million.
If this trend continues, the altcoin’s value could rise above $2.30. However, if profit taking increases, the trend could reverse.
ONDO
On today’s altcoin crypto whale buying list, ONDO is a coin with fundamentals. Real World Assets (RWA) Tokenization. This week, data on the IntoTheBlock chain showed that the accumulation of whale ONDO increased by 7.34 million.
Because of this buying pressure, ONDO price increases It rose 17% this week. If crypto whales continue to buy the altcoin, its value could rise above $2.
The same could be true if other large institutions buy. However, if these key stakeholders Reduce positionthis may change. In this case, ONDO may fall below the $1 mark.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
