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Prepare for the upcoming surge in the market!
Elon Musk recently invested $58 million in alternative cryptocurrencies through Binance.
Here are the top three altcoins favored by investors.
Bitcoin, the leading cryptocurrency, has undergone a correction lately, hitting a new all-time high above $69,000 in early March before surpassing $70,000 on positive market developments and ETF inflows.
Investors anticipate a significant uptrend in both Bitcoin and altcoins, strategically purchasing at relatively low levels.
According to Spot on Chain, significant investors bought TRB, DYDX, and GMT from Binance within the last 24 hours.
One investor acquired $3.26 million worth of TRB, while two others obtained $6.65 million and $16 million worth of DYDX respectively.
Another notable transaction involved a whale acquiring $16 million worth of GMT from Binance.
In total, over the past two days, these large investors accumulated nearly $32 million worth of GMT.
Furthermore, a whale secured $3.26 million worth of TRB from Binance, establishing itself as the ninth largest TRB holder.
It's noteworthy that this investor previously profited significantly from altcoins AAVE and KNC.
Fresh whales are actively accumulating DYDX and GMT today, signaling potential market movements.
Junyang has strategically positioned itself ahead of these developments, highlighting the importance of staying informed for successful investment strategies.