{"id":22442,"date":"2024-06-10T21:00:49","date_gmt":"2024-06-10T18:00:49","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22442"},"modified":"2024-06-10T14:16:35","modified_gmt":"2024-06-10T11:16:35","slug":"whales-accumulate-four-altcoins-from-the-market-16-million-purchase","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/whales-accumulate-four-altcoins-from-the-market-16-million-purchase\/","title":{"rendered":"Whales Accumulate Four Altcoins From the Market: $16 Million Purchase"},"content":{"rendered":"<p>Whale activity on the rise as they scoop up four <strong>altcoins<\/strong> in a $16 million buying spree<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/whales-accumulate-four-altcoins-from-the-market-16-million-purchase\/#New_wallets_and_fresh_capital_entering_the_market\" title=\"New wallets and fresh capital entering the market\">New wallets and fresh capital entering the market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/whales-accumulate-four-altcoins-from-the-market-16-million-purchase\/#PEPE_gains_traction_as_whales_accumulate\" title=\"PEPE gains traction as whales accumulate\">PEPE gains traction as whales accumulate<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"New_wallets_and_fresh_capital_entering_the_market\"><\/span><strong>New wallets and fresh capital entering the market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>According to blockchain analytics platform Lookonchain, whales have been accumulating <strong>altcoins<\/strong> in significant amounts since yesterday evening. These whales appear to be new entrants to the market, bringing in fresh capital.<\/p>\n<p>One whale withdrew 870,827 <a href=\"https:\/\/coinengineer.net\/blog\/uniswap-foundation-delays-vote-on-uni-staking-and-delegation\/\">Uniswap<\/a> (UNI) from OKX this morning, worth approximately $8.5 million. At the same time, another whale was spotted purchasing 7.69 million Bluzelle (BLZ) worth $2.16 million from Binance. Both of these whales&#8217; wallets hold no other tokens besides UNI and BLZ.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PEPE_gains_traction_as_whales_accumulate\"><\/span><strong>PEPE gains traction as whales accumulate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Two different whale addresses have withdrawn a total of 303.4 billion PEPE from Binance and OKX exchanges since yesterday evening. This represents $3.8 million. One of these whales had also invested in PEPE in recent weeks. Their wallet holds a total of 438.5 billion PEPE.<\/p>\n<p>PEPE, one of the largest meme coins with a market capitalization of $5.3 billion, entered this week with a 1.9% increase.<\/p>\n<p>TRB also on the whales&#8217; radar<\/p>\n<p>According to Etherscan records, another whale purchased 20,628 TRB ($1.9 million) from Binance.<\/p>\n<p>Blockchain data reveals whales&#8217; holding power<\/p>\n<p>According to blockchain data, none of these whales have sold any of these tokens so far.<\/p>\n<p>The surge in whale activity suggests renewed confidence in the altcoin market. Whether this buying spree will translate into sustained price gains remains to be seen.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 586px; top: 135.547px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Whale activity on the rise as they scoop up four altcoins in a $16 million buying spree New wallets and fresh capital entering the market According to blockchain analytics platform Lookonchain, whales have been accumulating altcoins in significant amounts since yesterday evening. These whales appear to be new entrants to the market, bringing in fresh<\/p>\n","protected":false},"author":1,"featured_media":8813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1194,816,466,71],"class_list":["post-22442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bluzelle","tag-okx","tag-pepe","tag-uniswap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Whales Accumulate Four Altcoins From the Market: $16 Million Purchase - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/whales-accumulate-four-altcoins-from-the-market-16-million-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whales Accumulate Four Altcoins From the Market: $16 Million Purchase - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Whale activity on the rise as they scoop up four altcoins in a $16 million buying spree New wallets and fresh capital entering the market According to blockchain analytics platform Lookonchain, whales have been accumulating altcoins in significant amounts since yesterday evening. 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