Whales Buying These 3 Altcoins for October Gains
Despite the recent market-wide flash crash, crypto whales are taking advantage of the dip to buy three altcoins. Here are the key points:
- Maker (MKR) has attracted considerable whale demand due to a DAI savings rate hike to 8%.
- On-chain data shows that crypto whales have added 16,000 MKR tokens to their wallet balances.
- Uniswap (UNI) has seen a 30% price dip, but bullish whales have continued buying.
- Whale transactions involving UNI have increased by more than 420%.
- Optimism (OP) has attracted significant network activity and whale investors have been buying.
- Whales holding 100,000 to 1 million OP tokens have replenished their wallet balances by 3.22 million tokens.
These altcoins have the potential to deliver significant gains in October 2023. When institutional investors start buying during a market downturn, it inspires confidence across the ecosystem.
Hot Take: Altcoins with Whale Support Poised for October Gains
Despite the recent market crash, whales are showing confidence in altcoins like Maker (MKR), Uniswap (UNI), and Optimism (OP). Their buying activity suggests that these coins may deliver significant gains in October 2023. This is a positive sign for the crypto market as a whole, as institutional investors’ support can inspire confidence and attract more investors. Keep an eye on these altcoins as October approaches, as they may present lucrative opportunities for investors.
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