August's market downturn has led whales to accumulate certain altcoins, anticipating gains in September 2024. These altcoins include Toncoin (TON), Uniswap (UNI), and Lido (LDO).
Toncoin saw a 21% drop after the arrest of Telegram CEO Pavel Durov. Whales boosted their holdings by 307%, signaling potential market demand and a price rebound.
Uniswap's value fell by 27%, with its negative MVRV ratio indicating it's undervalued. Whales have increased their holdings, recognizing the potential for future gains.
Lido, a leading DeFi protocol, has also attracted whale interest. Whales now control 9% of LDO's total supply, showing growing confidence in its potential.
