Whale Alert: Why Are Crypto Whales Buying Dogecoin, JetBolt, Toncoin, and Cardano
With recent positive market activity, crypto whales are eyeing several altcoins that stand out with strong growth potential, including Dogecoin (DOGE), JetBolt(JBOLT), Toncoin (TON), and Cardano (ADA).
Dogecoin has experienced a notable few large transactions over the last 24 hours. JetBolt, a fast-emerging innovative altcoin, is making waves in the crypto space, selling over 56 million tokens since August 2024. Toncoin has experienced a price resurgence, rising by 20% over the week, while Cardano has joined the ranks of heavy gainers with an impressive 75% increase in the last seven days.
What factors are fueling the surging confidence of crypto whales buying Dogecoin, Toncoin, and Cardano? And why is the emerging JetBolt gaining traction among crypto whales and altcoin enthusiasts? Lets find out.
Dogecoin whales make waves: buying or selling?
According to data from Whale Alert, a cryptocurrency transactions tracker service, several large transfers have been spotted on the Dogecoin blockchain over the past 24 hours. Out of the six transfers, one involved a transaction between two unidentified wallets. Since these wallets are not affiliated with any centralized platform, speculations include that they could be investors self-custodial wallets.
Graph of Dogecoin for the last 4 days from CoinmarketCap
Categorized as an exchange inflow transaction, a whale moved around $72.5 million worth of Dogecoin from an unknown address to a Coinbase wallet. Two other exchange inflows were spotted, one to Binance ($14.6 million), and the other to Robinhood ($14.2 million). As such, whales have moved a combined total of $101.3 million in exchanges.
On the other hand, two exchange outflows were also recorded from Robinhood with a $30.1 million withdrawal and another when Binance released $56.4 million worth of Dogecoin.
Such exchanges spark analysts to question whether the whales intend more to buy or to sell.
JetBolts rally pushing sales past 56 million tokens
JetBolt (JBOLT), a revolutionary next-gen altcoin, is rapidly gaining popularity in the crypto scene, with its state-of-the-art zero-gas technology that delivers lightning-fast transactionsa game-changer for both users and developers.
JetBolt continues to wind its way up the market ladder with its cutting-edge and user-centric features, including a seamless Web3 wallet that helps make crypto accessible to all. JetBolts platform also has a dedicated market insights and news page powered by state-of-the-art artificial intelligence, providing users with the latest news and crypto developments.
On top of that, JetBolt has a rewarding staking platform. JetBolts socialFi mechanism elevates the staking experience with social benefits. Blockchain users can get additional staking boosts by connecting and interacting with friends on the platform.
Even in its presale phase, JetBolt (JBOLT) boasts a user-friendly and fully functional ecosystem. Overall, JetBolt is shifting the spotlight its way with its game-changing and user-centric features, drawing more attention from crypto whales.
Could Toncoins rally be short-lived?
Toncoin (TON) is trading at $5.25 as of writing, with a price surge of 20% this week. While the rise has sparked optimism, ongoing pressure from holders seeking to lock in profits could pose a challenge.
TONs MVRV Long/Short Difference indicator suggests potential turbulence for Toncoin, as it has moved further into negative territory. This indicates that short-term holders are currently in profit and may be inclined to sell quickly, especially during price surges. Such behavior could lead to increased selling pressure, potentially limiting further price growth and reversing upward trends.
Cardano climbs beyond $0.40 as whale activity spikes
Driven by whale activity, Cardano (ADA) has jumped 25% over the last three days, breaking the $0.43 barrier for the first time since July.
This remarkable rally is fueled by increased activity from large Cardano holders, including a longer average coin holding duration, and a growing demand for the altcoin.
According to the on-chain data provider, ADA daily transactions exceeding $100,000 have skyrocketed. The uptick in whale activity signals increased interest from key market players.
Final Thoughts: Dogecoin, JetBolt, Toncoin, and Cardano: top contenders among crypto whales
Dogecoin, Toncoin, and Cardano are seeing upward shifts in the bustling crypto market, with whale activities being spotted in their respective territories. At the same time, JetBolt is gaining strong momentum, remarkably rising as a top altcoin contender capturing the attention of crypto whales and blockchain users with its innovative zero-gas technology and other Web3 enhancements.
Find out more about JetBolts unique attributes by visiting the links below:
- Official Website: https://jetbolt.io/
- X/Twitter Page: https://x.com/jetboltofficial
- Telegram Channel: https://t.me/jetboltcoin
This article is not financial advice. Cryptocurrencies are inherently volatile and risky. Readers should do their own research prior to purchasing any cryptocurrency.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Read more: https://nulltx.com/whale-alert-why-are-crypto-whales-buying-dogecoin-jetbolt-toncoin-and-cardano/
Text source: NullTX
