The cryptocurrency market continues its dynamic growth, reaching a valuation of $3.31 trillion.
Over the weekend, some altcoins showcased impressive gains, while others experienced notable declines.
Top Gainers and Losers
Leading the market’s rally were TFUEL, KCS, and PNUT, which saw increases of 12.29%, 4.76%, and 4.37%, respectively. On the other hand, the steepest losses came from AI16Z (-15.77%), AIXBT (-14.15%), and BIO (-13.17%), highlighting the volatility in the market.
Whale Activity in AIXBT
Despite AIXBT’s recent drop, large-scale investors, commonly referred to as whales, have been actively increasing their holdings. Today alone, AIXBT’s TOP9 whales acquired tokens worth $1.036 million, bringing their total holdings to 10.66 million tokens (approximately $5.18 million). Their investments currently show a floating profit of $1.48 million.
Strategic Accumulation Amid Price Decline
Over the past 12 hours, during AIXBT’s two price dips, one whale significantly increased their position by adding 2.05 million tokens at an average price of $0.5058. This strategic move has raised their total investment in AIXBT to $3.79 million.
Market Outlook
As the crypto market evolves, whale activity continues to influence token prices, providing opportunities and challenges for smaller investors. The ongoing accumulation by large holders of AIXBT highlights the growing interest in this token, despite short-term price fluctuations.
Investors should closely monitor market trends and whale behavior to make informed decisions in this ever-changing landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.