According to cryptocurrency onchain data, major crypto whales have begun accumulating large amounts of several altcoins following the recent developments.
Three Different Whales Bought Lots of Five Different Altcoins
Data revealed that whales have started accumulating Lido Finance (LDO), Binance Coin (BNB), POPCAT, Raydium (RAY), and Grass (GRASS).
The cryptocurrency whale with the short address 0x345f revealed that he withdrew 5,550 BNB worth $3.89 million and 1.22 million LDO worth $2.21 million via Binance, according to the data.
The cryptocurrency whale with the short address 7Vu4ar purchased 3.3 million POPCATs for a total value of $2.53 million via Bybit.
The last crypto whale, the A3jiR5 short whale, withdrew 1.1 million GRASS tokens worth $2.74 million from Bybit and 740 thousand RAY tokens worth $3.63 million from Binance.
The cryptocurrency market cap remains strong at $3.27 trillion, but Bitcoin remains strong above $90,000, despite losing 5% in the last seven days.
*This is not investment advice.
