Beincrypto 08 Nov 2024

Crypto Whales Bought These Altcoins in the First Week of November 2024 🐋

Avalanche Cardano AAVE Donald Trump BlackRock

Investors closely watch crypto whales, who have heavily invested in altcoins including Aave (AAVE), Cardano (ADA), and Avalanche (AVAX) in early November 2024, significantly impacting these markets.

Aave has seen considerable whale accumulation, driven by Donald Trump’s election victory and his associated crypto project using the Aave protocol, leading to a 1,000% netflow surge and a 27% price increase.

Cardano also attracted whale attention, with a significant increase in holdings, causing a 25.31% price gain in a week, positioning ADA as a top-performing altcoin.

Avalanche experienced initial whale selling, but the trend reversed as BlackRock's interest in possibly using its blockchain for a tokenization fund emerged, leading whales to buy $15 million worth of AVAX and a 12% price increase.

Source: beincrypto.com ↗

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