Crypto Whales Bought MKR, LDO, and APE this Week
Trading activity in the cryptocurrency market has risen this week, with global cryptocurrency market capitalization growing by 2% over the past seven days.
In this rise, crypto whales have been actively accumulating selected altcoins, including defi Token Manufacturer (MKR), Governance Token Lido (LDO) and Utility Apecoin (ape).
Manufacturer (MKR)
Defi Token MKR Whale activity increased this week. This is reflected in a surge in the supply of whale addresses holding between 100,000 and 1,000,000 tokens.
According to Santiment, the group of investors has accumulated 65,000 MKR tokens at current market prices over the past seven days, worth more than $92 million. At press time, they had 214,000 MKR, the largest number since April 2023.
MKR is currently trading at $1,436. Over the past seven days, the rise in whales’ accumulation has increased its price by 41%. If this trend persists, MKR could rise to $1,780.
Reading (LDO)
LDO, The Liquid Strocking protocol Lido’s governance token is another altcoin for the whale radar this week. Data from Intotheblock shows that NetFlow, its large holders, grew 184% during the review period.
Large holders are investors who control the revolving supply of assets of more than 0.1%. Their NetFlow measures the difference between coins they buy and sell during the set period.
When the NetFlow spikes in the asset’s large holders, it shows that major investors are accumulating more coins. This bullish trend could encourage retailers to follow suit, drive demand to increase and put more upward pressure on the price of assets.
LDO is currently trading at $1.83. If whales accumulate, it may increase the price of the coin to more than $2 in the short term.
Apik (Water)
Another altcoin that Crypto Whale is paying attention to this week is Apeng coins’ practical token ape. It is currently trading at $0.740, noting a 9% increase in the past 24 hours.
During the review, the whale accumulated 2.93 million apes between 1 million and 10 million tokens. As of this writing, this group of ape investors holds 662.16 million tokens in 752.65 million circular supply.
Whale activity like this often shows strong confidence or strategic positioning before potential price changes. So if the ape’s demand continues to increase, it may push its price to $0.92.
Disclaimer
and 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 accurate and impartial 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.
