A closely followed crypto analyst says that deep-pocketed investors are suddenly loading up one top-10 altcoin.
Crypto strategist Ali Martinez tells his 66,200 followers on the social media platform X that in the past week, whales have scooped up massive amounts of the native token of layer-1 blockchain Toncoin (TON).
“Whales have bought more than 45 million Toncoin over the past week, worth around $346.5 million!”
Toncoin is trading for $7.77 at time of writing, up nearly 2% in the last 24 hours.
Next up, the analyst says that the Tom DeMark (TD) Sequential indicator – which traders use to determine potential points of reversal for an asset – is signaling a bounce for top memecoin Dogecoin (DOGE).
“The TD Sequential presents a buy signal on the Dogecoin three-day chart, predicting a rebound of one to four candlesticks for DOGE!”
DOGE is trading for $0.123 at time of writing, down nearly 3% in the last 24 hours.
Lastly, the analyst says the TD Sequential indicator is also signaling bullishness for Ethereum (ETH).
“The TD Sequential presents a buy signal on the Ethereum three-day chart, predicting a rebound of one to four candlesticks for ETH!”
Ethereum is trading for $3,448 at time of writing, down 1.62% on the day.
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The post Whales Abruptly Accumulate Over $346,000,000 Worth of Top-10 Altcoin in Just One Week, Says Analyst appeared first on The Daily Hodl.
