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Savvy crypto investors\u2014often dubbed \u201ccrypto whales\u201d due to their sizable holdings, which can influence market trends have recently been setting their sights<\/a> on a select group of altcoins, potentially aiming to capitalize on their prospective gains.<\/span><\/p>\n Recent developments, such as the US Federal Reserve\u2019s (Fed) hint at pausing rate hikes and speculations around the approval of more futures exchange-traded funds (ETFs)<\/a> in the U.S., are suspected to be the catalysts steering crypto whale interests, according to Marti, a recognized voice from the Altcoin Buzz YouTube channel.<\/span><\/p>\n Notably, Macroeconomic events have always played a critical role in shaping the dynamics of the financial markets. Cryptocurrencies, while unique in their operations, are no exception to this influence.<\/span><\/p>\n Chainlink\u2019s native coin, LINK<\/a>, is turning heads and emerging as a prime focus for these heavyweight investors. Marti identifies LINK as one of September\u2019s top performers among leading cryptocurrencies, registering roughly 30% growth. <\/span><\/p>\n Marti says this gain can be attributed to several developments, including Chainlink\u2019s tokenization collaboration with SWIFT<\/a>, the international payment rail, and a growing interest in the real-world assets sector.<\/span><\/p>\n Whale activities around LINK have also been quite noteworthy. On-chain data by IntoTheBlock reveals a jump from 30 whale transactions on September 17 to 218 by October 2. A notable transaction involved a purchase of 424,443 LINK tokens, a transaction value of about $3.25 million.<\/span><\/p>\n This whale spent $3.25M to buy 424,443 $LINK<\/a> again at a price of $7.67 an hour ago.<\/p>\n Which caused the price of $LINK<\/a> to increase again.https:\/\/t.co\/pRCcK2tQAa<\/a> pic.twitter.com\/VHe2CTrBTi<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) October 8, 2023<\/a><\/p>\n<\/blockquote>\n Maker (MKR)<\/a>, another altcoin, has experienced a significant uptick in large-scale transactions, coinciding with the Fed\u2019s rate halt announcement in September. <\/span>Marti sheds light on the surge in whale activities around MKR<\/a>, highlighting that significant transactions leaped from nine on September 19 to a 6-month high of 102 by October 2.<\/span><\/p>\n Bitcoin Cash (BCH)<\/a>, a staple in the crypto realm, hasn\u2019t been left out of the whale frenzy either. Marti parallels BCH\u2019s current scenario and its June 2023 bull rally, which propelled BCH to a yearly zenith of $329. <\/span><\/p>\n Recent on-chain data underscores this enthusiasm, showing whales\u2019 noticeable accumulation in BCH holdings. From September 21 to October 4, there was a notable increment in their total balances, suggesting an acquisition of an additional 150,000 BCH<\/a>.<\/span><\/p>\n Furthermore,\u00a0while LINK, MKR, and BCH have seen positive price trends over the past month\u2014mirroring the whale accumulation metrics\u2014each has also faced its share of downturns.<\/span><\/p>\n Notably, LINK and MKR emerged as the top performers among the trio, registering monthly gains of 24.8% and 27.3%, respectively. In comparison, BCH posted a modest rise of 16.2%.<\/span><\/p>\n Yet, it\u2019s worth noting that over the past week, all three altcoins have experienced declines: LINK decreased by 4.4%, MKR by 2.2%, and BCH by 6.2%.<\/span><\/p>\n Featured image from Unsplash, Chart from TradingView<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Savvy crypto investors\u2014often dubbed \u201ccrypto whales\u201d due to their sizable holdings, which can influence market trends have recently been setting their sights on a select group of altcoins, potentially aiming to capitalize on their prospective gains. Recent developments, such as the US Federal Reserve\u2019s (Fed) hint at pausing rate hikes and speculations around the approval […]<\/p>\n","protected":false},"author":2,"featured_media":167791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-172417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=172417"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172417\/revisions"}],"predecessor-version":[{"id":172419,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172417\/revisions\/172419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/167791"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}LINK: Chainlink\u2019s Surge Attracts Big Crypto Players<\/span><\/h2>\n
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Diving Deeper: The Rise Of MKR And BCH<\/span><\/h2>\n