Points
- Ethereum, Pepe, and ONDO are attracting interest from crypto whales.
- Increased large holder netflow indicates potential price rallies.
- Market sentiment and whale behavior are key indicators of future trends.
- Recent data shows significant accumulation by large holders.
As the crypto market enters a new trading month, certain assets are drawing increased attention from crypto whales, which are often seen as a bullish sign for potential price rallies. Leading altcoin Ethereum （ETH）, frog-themed meme coin Pepe （PEPE）, and ONDO, the governance token of Ondo Finance, are among the assets that have seen a spike in interest from large investors.
Ethereum （ETH）
Ethereum has seen a significant increase in large holder netflow, indicating that whales are accumulating the asset. On-chain data from IntoTheBlock revealed a 167% increase in the coin’s large holders’ netflow over the past seven days. This metric measures the difference between the coins bought and sold by addresses holding more than 0.1% of an asset’s circulating supply. A rising netflow suggests that whale addresses are purchasing more coins, a bullish signal indicating potential price appreciation.
Currently, ETH is trading at $3,311, poised to cross above its 20-day exponential moving average （EMA）, which tracks its average price over the past 20 trading days. If this crossover occurs, it typically indicates increased buying pressure, potentially driving the price to $3,448.
Pepe （PEPE）
Pepe, the frog-themed meme coin, has also seen a surge in whale activity. According to Santiment, the number of addresses holding between 10,000 and 10,000,000 PEPE tokens has reached an all-time high of 85,400, marking a 12% increase over the past month. Despite the token’s consolidation within a price range during this period, whales have increased their holdings due to the token’s profitability.
Pepe’s Market Value to Realized Value （MVRV） ratio, which measures the ratio between an asset’s current price and the average price at which all its coins were acquired, indicates that the meme coin is currently overvalued. The positive MVRV ratios for the 30-day and 365-day moving averages suggest that most holders are in profit. However, steady sell-offs by these investors could put downward pressure on PEPE’s price.
Ondo （ONDO）
ONDO, the governance token of Ondo Finance, has seen an uptick in its large holders’ inflow over the past 30 days. According to IntoTheBlock, this metric has increased by 19%, indicating growing interest from significant investors. Large holders are accumulating the altcoin, which could lead to a price rally to $0.99. However, if profit-taking activity ensues, it may put downward pressure on the token’s price, potentially causing it to fall to $0.84.
解説
- The increased interest from crypto whales in Ethereum, Pepe, and ONDO suggests potential bullish trends for these assets.
- Large holder netflow is a crucial metric to watch, as it indicates the buying behavior of significant investors, which can drive price movements.
- Market sentiment, as measured by metrics like MVRV, provides insights into the profitability of holders and potential selling pressures.
- Understanding whale behavior and accumulation patterns can offer valuable predictions for future price trends and investment opportunities in the crypto market.