Whales are back and they’re not whispering this time. While prices have seen relative peace, blockchain metrics indicate that some of the biggest owners of Bitcoin and Ethereum have been quietly accumulating coins over the past few weeks. The action comes as retail sentiment is still divided, making this high-volume accumulation surge that much more significant.
The surge in whale activity seems to be echoing what has been observed prior to eventual breakouts in previous cycles. As the larger market is concerned with short-term price swings, savvy money is quietly aligning for what others perceive might be the next big rally. Meanwhile, other new alts such as MAGACOIN FINANCE are gaining new attention from early adopters seeking to catch similar waves, as the project experiences a surge in daily user registrations and social conversations.
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