The cryptocurrency market this week experienced a noticeable increase in activity, with the total market capitalization rising by 10% over the past seven days.
This jump reflects renewed investor interest, especially among large holders who strategically accumulated selected altcoins.
Uniswap (UNI)
The governance token of Uniswap, UNI, is one of the tokens purchased by crypto whales this week. This is supported by a net flow from large holders that increased by 492% over the past seven days. The net flow from large holders measures the difference between the number of tokens that whales buy and sell over a certain period. When it rises sharply, it signals strong accumulation by whales, indicating growing confidence or bullish sentiment towards the asset.
If whale accumulation continues, UNI could continue its rise to $7.10. On the other hand, if demand decreases, UNI could lose recent gains and fall to $4.60.
MANTRA (OM)
The recent price drop of OM opened opportunities for strategic accumulation by some of its largest holders. According to on-chain analytics from Santiment, whale addresses holding between 10 million and 100 million OM tokens purchased 26 million OM during the week in question. This accumulation trend follows the dramatic price collapse of OM on April 13. The token experienced a flash crash that wiped out over 90% of its value in less than an hour, losing more than $5.5 billion in market capitalization.
The price drop has shaken retail investor sentiment, but whales seem to view this as a lower entry point, positioning themselves for a potential recovery.
If this trend continues, OM could rise above $1. However, if sell-offs resume, its price could fall to $0.022.
Worldcoin (WLD)
WLD, associated with Sam Altman, is another altcoin that was purchased by crypto whales this week. On-chain data shows that whales holding between 1 million and 10 million tokens bought 13 million WLD over the last week. This group of WLD investors holds 798.06 million tokens as of publication, which is their highest recorded balance. If WLD whales increase their accumulation, its price could rise above $1 again.
On the other hand, if the sell-offs continue, it could fall to $0.57.#BinanceAlphaAlert #crypto #trading #Binance #Write2Earn $OM
