Global #Whales

The price of Dogecoin (DOGE) has increased by 3.5% over the past 24 hours, reaching $0.1515, coinciding with a 2.5% climb in the overall crypto market today.

PEPE's recent price decline might actually be setting the stage for a potential upswing, especially considering the behavior of whales and the overall market sentiment.

According to data from Santiment, the number of whales holding Polygon (MATIC) tokens has increased over the past month, despite a significant drop in the token's value.

Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset's long-term prospects.

Over the past few weeks, prominent cryptocurrency investors, also referred to as "whales," have been adding over $500 million worth of Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, to their holdings.

Recent days have witnessed a spike in turbulence in the always changing cryptocurrency market, making it difficult for popular altcoins like Bitcoin to stay stable. Among them, MATIC, the native token of Polygon, has fallen by almost 2% in the last day alone, demonstrating that it is not immune to the negative impact.

Over the previous three weeks, the major stablecoins' supply appears to have been acquired by whale entities, according to on-chain data, at a rate of approximately 5%.