The Preferences of Whales During the Crypto Crash: Which Altcoins?

Whales' Acquisition Strategies

At the beginning of November, the cryptocurrency crash created an unexpected environment for investors. The decline in the value of leading crypto assets such as Bitcoin and Ethereum negatively affected market sentiment. However, whales took this opportunity to purchase some altcoins.

Aster (ASTER) on the Rise

On-chain data shows that whales have focused on the Aster (ASTER) project, which is centered around decentralized trading. Between November 4-5, whales increased their ASTER token holdings by 12.58%, reaching a total of 43.62 million ASTER. This acquisition indicates that whales added approximately 4.9 million tokens worth about $5.46 million at the current price levels.

Market Sentiment and Other Developments

It is expected that these strategic acquisitions by whales will have a positive impact on the overall market situation. Interestingly, while Aster's exchange balances increased by 0.72%, some individual investors preferred to realize short-term gains. Such trading activities generally coincide with data indicating that whales purchase altcoins during the early recovery phases.

Bio Protocol (BIO) Drawing Attention

Another project catching the attention of whales is the Ethereum-based Bio Protocol (BIO). Despite losing 44.2% in value the previous month, a sideways movement has been observed in the BIO token over the last 24 hours. This trend indicates that sharp sell-offs may be coming to an end.

Trading Activity on Bio Protocol

In the last day, Bio Protocol whales have increased their holdings by 87.07%, reaching 1.89 million BIO. This means that approximately 880,000 tokens were purchased. Mega whales, ranking among the top 100 addresses, increased their holdings by 0.07%, bringing it up to 2.98 billion BIO. They obtained nearly $226,000 in value by purchasing a total of 2.97 million BIO.

In light of these developments, it is crucial to closely monitor the acquisition movements of whales during a period of high uncertainty in the crypto market.