So, after last week’s snooze-fest in the cryptocurrency world, it seems the trading activity has decided to wake up from its slumber. We’re talking about a 6% increase in global crypto market capitalization over the past seven days. Yes, you heard that right-6%! That’s like finding a twenty-dollar bill in your winter coat pocket, only to realize it’s actually a crumpled receipt for a long-forgotten pizza. 🍕
And guess who’s back in the game? The crypto whales! You know, those large investors who swim around like they own the place, gobbling up altcoins like they’re at an all-you-can-eat buffet. They’re accumulating these digital tokens like they’re preparing for a zombie apocalypse. 🧟♂️
Ethereum (ETH)
Leading the pack is Ethereum, which has become the darling of the crypto whales this week. With a staggering 270% surge in its large-holder netflow, it’s clear that these whales are buying up ETH like it’s the last slice of cake at a birthday party. 🎂
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The large holders’ netflow is basically a fancy way of saying, “Look at all the tokens these whales are buying and selling.” When it spikes, it’s like a neon sign flashing “Buy, buy, buy!” indicating that these coin holders are feeling pretty confident. And who wouldn’t be? ETH has just crossed the $4,000 mark, a milestone it hasn’t seen since December. If this momentum keeps up, we might just see ETH strutting its stuff toward the $4,500 region. 💃
But hold your horses! If profit-taking kicks in, we could see ETH retreating to $3,920. It’s like watching a soap opera-just when you think it’s all going well, someone gets pushed off a cliff.
PEPE
Next up is the Solana-based meme coin PEPE, which has also caught the attention of our whale friends. On-chain data from Nansen shows a 1.36% increase in holdings among wallets that could probably buy a small country. 🏝️
When whales start accumulating like this, it’s a sign that they’re feeling pretty good about PEPE’s potential. It’s like when you see a group of people at a restaurant all ordering the same dish-you just know it’s going to be good. If this trend continues, PEPE could climb toward $0.00001315. But if demand fizzles out, it might just slip back to $0.00001070. Talk about a rollercoaster ride! 🎢
Mantle (MNT)
Last but not least, we have Mantle (MNT), which has seen a 52% weekly rally. Apparently, it’s the new kid on the block that everyone wants to be friends with. Whales holding between 1 million and 10 million tokens have snatched up 2.39 million MNT this week. It’s like a game of musical chairs, and everyone wants a seat! 🎶
This group now holds 20 million MNT, their highest balance in a month. If they keep this up, MNT could rally toward $1.1496. But beware! If the sell-offs start, it could drop below $1.0361 faster than you can say “crypto crash.”
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2025-08-09 14:12