Crypto whales are buying up altcoins like AGIX, MATIC, and RNDR, with AGIX whales specifically holding 65% of the total circulating supply, potentially triggering another price increase if the trend continues.
These 30 days, the capacity United States debt ceiling crisis has loomed over the digital currency markets. Nonetheless, regardless of the mild contraction, cryptocurrency whales have been buying up certain altcoins.
Mega Cap Layer-1 coins have taken a considerable hit as the cryptocurrency market capitalization shrunk by 9 percent in May 2023. As a result, Cryptocurrency whales seem to be switching attention to the crypto altcoin markets.
On-chain data outlines that whales have recently been buying up digital currencies like AGIX, MATIC, and RNDR.
Will this whale accumulation set the pace for these crypto altcoins to rally ahead of June 2023?
AGIX Whales Are Keeping the Artificial Intelligence (AI) Hype Going
SingularityNET (AGIX) 1st attracted mainstream media attention during the Artificial Intelligence (AI) boom fuelled by the boost of ChatGPT in early 2023. Although while most Artificial Intelligence (AI) crypto tokens that rallied in January 2023 seem to have faded, the same cannot be stated of AGIX.
Betwixt May 11 and May 25, whales holding balances of one Million to 10 Million AGIX crypto tokens have some whole lot of accumulation. The chart below shows how they added another 7 Million AGIX to their balances during that period.