The third week of September saw an increase in participation in the broader crypto market, causing new purchasing pressures that increased global crypto market capitalization by 3% over the past seven days.
This rebound has not been noticed by large investors as whale activity indicates an increase in the accumulation of selected altcoins.
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Link, the leading native token for Oracle Network Provider ChainLink, is one of the Tokens Crypto whales I purchased this week.
According to Santiment’s on-chain data, the whale’s address, which holds between 100,000 and 1 million links, has acquired 2.5 million tokens, over $61 million at its current market price.
At the time of writing, the link is trading at $24.43. If whales accumulate continues, it could push the price of Altcoin to $26.89.
On the other hand, if demand falls, Link’s prices could reverse that trend, falling below $23.48.
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CRO
According to Nansen data, CRO also appeared as a whale favourite this week.
An increase in accumulated signals has renewed confidence among token big money players.
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This wave of whale purchases continues to provide the momentum needed to push the CRO to a $0.27 level.
Conversely, if demand weakens, the token risks returning to $0.19 in the short term.
Toncoin (Ton)
Ton’s recent price consolidation over the past few days has opened the door to accumulation by some crypto whales.
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According to Santiment’s on-chain data, whales hold between 1 million and 10 million tonnes of tokens, increasing their holdings by 5% in the week they are reviewing.
If this trend continues, the ton can escape the sidelines trend and collect $3.20.
However, once sales resume, the price could drop to $3.04.
