🤔 What cryptocurrencies are #ballenas buying for the month of August 2023? 🤯

The altcoin market has shown early signs of a positive start to August 2023. On-chain data shows that #criptomonedas whales have invested millions of dollars in three large-cap tokens.

Excluding #Bitcoin ( $BTC ), the global altcoin market capitalization saw an impressive rally during the first half of July. However, the rally has since corrected back to breakeven.

While $XRP grabbed the spotlight last month, on-chain data reveals that cryptocurrency whales have begun accumulating Arbitrum and two other large-cap altcoins.