Increased Whale Activity in the Crypto Market: Toncoin, Ethereum, and FET Stand Out
September 14
The cryptocurrency market has seen a slight increase in trading activity this week, with the global market value rising by 3% over a seven-day period. This uptick in market expectations has led whales to accumulate assets such as Toncoin (TON), Ethereum (ETH), and the AI-powered Artificial Superintelligence Alliance (FET).
Toncoin (TON), connected with Telegram, has captured the attention of crypto giants as its price continues to rise. Last week, Pavel Durov’s comments on his arrest in France boosted the momentum of this cryptocurrency. TON is currently trading at $5.55, indicating a 16% price increase over the past seven days. According to Santiment, the number of whale addresses holding between 1,000 and 100,000 TON has reached a 30-day high of 1,219.
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Ethereum (ETH) has also seen increased whale activity, with net inflows from large holders rising by 109% this week. While whales remain cautious about the price threshold of $2,386, they maintain an optimistic outlook. Analysts believe that if Ethereum can surpass this threshold, the price may continue to rise towards $2,783. The accumulation by whales reflects expectations of a price surge as market sentiment shifts from negative to positive.
Artificial Superintelligence Alliance (FET), an AI-based asset, has shown an impressive 25% increase this week. News that OpenAI plans to raise $6.5 billion in capital has fueled excitement around the coin. Santiment reports a 11% increase in whale addresses holding between 10,000 and 1,000,000 FET, reaching an all-time high of 763 addresses.
The continued growth of these valuable assets is interpreted as a sign of increasing confidence among major crypto holders.
