- Crypto whales are capitalizing on recent macroeconomic events to target specific altcoins.
- Recent macro factors include the Fed’s rate pause and potential for more futures ETFs being approved in the U.S.
- Three altcoins targeted by the whales include LINK, MKR, and BCH.
Marti, the Altcoin Buzz YouTube channel host, thinks crypto whales are capitalizing on recent macroeconomic events and scooping up particular altcoins in which they see potential for profits. According to Marti, the whale activities are due to factors like the Fed’s rate pause and the possibility of more futures ETFs being approved in the United States.
The Altcoin Buzz host identified three altcoins that the whales appear to focus on with their investment activities. Marti’s first spot among the altcoins attracting significant whale attention is LINK, the native coin of the blockchain protocol Chainlink.
With a 30% increase, Marti regards LINK as one of the top gainers in September, among the top 20 ranked cryptocurrencies. According to Marti, the main factors in LINK’s recent surge included a successful tokenization rehearsal with SWIFT and an uptick in the real-world assets (RWA) …
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