Amid expectations of a crypto rally, the market has seen a downturn due to geopolitical issues in the Middle East. Major cryptocurrencies are hitting lows, yet crypto whales are strategically buying altcoins.
Toncoin, while trading at $5.35 with a recent 9% drop, has attracted significant interest. Whales have increased their holdings, pushing net flows by 1698%, indicating confidence in its future growth.
Similarly, Ethereum has experienced a 10% decline. However, its negative MVRV ratio suggests it's a buy opportunity. Whales have added 200,000 ETH worth $476 million, banking on future profitability.
Axie Infinity’s AXS token, despite a 14% dip, sees increased whale transactions exceeding $100,000. This interest indicates expectations of future appreciation among large investors.
