Macroeconomic instability is reduced. This forces investors to expect market recovery. Against this background, whales began to invest in certain assets.
The analysis of onchain-data shows that whales are actively buying Ethereum (ETH), Ondo and Chainlink (Link), counting on profit in the new month.
Ethereum (ETH)
Ethereum remains in the center of attention of large investors. They took advantage of the weak dynamics of altcoin in the last week to increase their reserves. Large ETH holders increased their investments, waiting for possible growth in the coming weeks. According to Intoleblock, the pure influx in this segment of investors increased by 95% over the past week.
Large holders are investors who own more than 0.1% of the total circulating offer of the asset. The indicator evaluates the difference between the number of tokens that they buy and sell for a certain period. Its growth indicates an intensive accumulation and interest in the asset. This trend can also push retail traders to increase their ETH reserves. As a result, this can lead to price growth in the near future.
Whales and ONDO
The ONDO token related to the real world assets segment (RWA) also attracted the attention of large investors. Santiment data show that the number of coins in wallets holding from 100 to 100,000 ONDO tokens has increased markedly. Over the past week, these whales have accumulated 3 million tokens, which indicates a growing confidence in the short -term growth of ONDO.
If demand in this category continues to grow, this can help the price overcome the key resistance level of $ 0.92. However, if market moods change and whales decide to fix profit, altcoin can roll back to $ 0.66.
Chainlink (Link)
In recent days, Link demonstrates a surge in transactions of large holders. This indicates a growing confidence in the short term of the coin. According to Santiment, the number of transactions with Link by amounts exceeding $ 100,000 and $ 1 million is growing steadily. This indicates that whales are actively preparing for potential profit in July.
The growth of large transactions indicates the strengthening of a bull impulse for Link. If the trend continues, the price can grow to $ 15.53. However, if the demand decreases, the coin may fall to $ 11.04.
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Source: Cryptocurrency
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