TL;DR
- The cryptocurrency market has seen a notable resurgence in the past several weeks, and on-chain data reveals that whales have been actively accumulating.
- However, Lookonchain data shows that some larger investors might have preferred to purchase lower-cap altcoins rather than well-established giants like BTC and XRP.
Whale Going After These Tokens
In a recent X post starting with “What tokens do whales buy,” the popular on-chain monitoring resource tried to answer one of the most asked questions from the retail investment cohort. While large investors typically tend to go for bigger cryptocurrencies, a relatively new wallet, which was the object of Lookonchain’s investigation, spent $15 million to accumulate some quite compelling and unexpected assets.
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