1. Wormhole (W): Whales increased their holdings of Wormhole by 950%, indicating a massive accumulation of this token. This sharp rise in netflow suggests increased confidence in Wormhole's interoperability potential.
2. Arbitrum (ARB): Whales purchased $53 million worth of ARB tokens, adding significantly to their portfolios. This accumulation has drawn attention despite ARB being far from its all-time high, showing renewed belief in the Layer-2 solution.
3. Polygon (POL): Previously known as MATIC, whales increased their holdings of POL by tenfold between October 8 and 9. Despite a prolonged price decline since its rebrand, whales are still confident in the token’s long-term value.
These purchases suggest growing interest in these tokens and their potential for growth in the near future. However, market volatility remains a concern, and investors are advised to monitor whale activity closely.
