After the rapid industry-wide retracement that followed the brief USDC-deg on March 10, the global crypto market cap bounced back above $1.2 trillion in April. Will the intensifying activity from the whales push the rally further? 

Ethereum’s Shapella upgrade and Bitcoin’s surge above $30,000 have dominated the media headlines recently. However, On-chain data reveals that strategic large investors have been paying lopsided attention to a handful of altcoins. 

The Crypto Market Cap has jumped by 5% since the start of April. On-chain data reveals the direction that large institutional investors are turning their attention to make the most of the crypto rally. 

Crypto Whales Defend The Graph (GRT) at the $0.10 Support

The Graph is a blockchain data indexing protocol that powers many applications in DeFi and the wider Web3 ecosystem. By March 11, the GRT token had declined nearly 48% from its year-to-date high of $0.20. 

Between the recent local low of $0.11 recorded on March 9, the whales holding 1 million to 10 million coins have added 13 million tokens worth about $2 million.  

With GRT now trading around $0.15, the accumulation wave among whale investors appears to have triggered a price resurgence.

Lido DAO (LDO) Whales Front-Running the Shapella Upgrade Success

Lido DAO (LDO) is the native token for Lido Finance, a Go to Source to See Full Article
Author: Ibrahim Ajibade

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