A crypto analyst is reporting some major activity in the Ethereum market. According to trader Ali Martinez, massive investors, known as “whales,” purchased over $3.8 billion worth of Ethereum in just 48 hours.
Ethereum Whale Activity
Martinez, who boasts a large following on X (formerly Twitter), highlighted this significant buying spree, noting the acquisition of more than 1.14 million ETH. At the time of this report, each ETH was valued at approximately $3,340.
Polkadot Poised for Growth?
Martinez isn’t just focused on Ethereum. He also sees potential for significant gains in the Polkadot (DOT) cryptocurrency. He suggests that DOT is showing signs of a breakout, potentially reaching $17. Currently, DOT is trading around $6.34.
Aptos: A Warning Sign?
However, not all the news is positive. Martinez issued a warning about Aptos (APT), a layer-1 protocol. He believes its price chart indicates a possible bearish reversal, potentially leading to a price drop towards $4.30. To avoid this, APT needs to stay above $10.50. The current price of APT is $8.26.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before making any investment decisions. Investing in cryptocurrencies is risky, and you could lose money.
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