Crypto whales tend to know something that we don’t know. And that is why we regularly keep monitoring the whale moves. Whales have opened the week extremely active.

And surprisingly they have been picking up 1 very surprising altcoin. Let’s find out which altcoins are are talking about!


Whales have kicked off the week in high gear, and with the evident market cap boosts of several #altcoins today. Their impact is clear. AAVE, in particular, has captured the attention of these major investors.

Around $5 million USDT was employed to buy a range of altcoins, including Aave, with the whale acquiring 17,203 AAVE tokens at a price of $58 each. Despite potential fluctuations in AAVE’s current market value, this investment reflects a favorable outlook on the token.

Why the Interest in Aave?
  1. Aave V3 is live on Coinbase. Aave’s users will be able to deposit and borrow Wrapped Ethereum], USD Base Coin, and Coinbase ETH on the Base platform. 
  2. AAVE is a leading DeFi protocol. It is one of the most popular and widely used DeFi protocols, with over $4.67 billion in total value locked (TVL). This means that there is a large and growing demand for AAVE tokens, which could drive up the price.
  3. Aave GHO Stablecoin went live a month ago.
  4. They also reduced gas fees by 20-25%.

2) IMX 

Our Next token today is ImmutableX’s IMX tokenWhales are showing keen interest in IMX due to the activation of its Immutable zkEVM Testnet, which has led to increased demand. This upsurge is a response to the growing popularity of Zero-Knowledge Proofs (ZKPs).

ZKPs allow the verifier and prover to validate claims. And also confirm transactions without disclosing the details of the information in use. Polygon has also advanced the use of ZKP. Immutable X uses zk-rollups to scale Ethereum’s limitations. So, IMX is bound to react to this. 

Another factor fueling whales’ interest in IMX could be the upcoming launch of a new game set to debut on the IMX platform.

3) CRV

Curve Finance has been in the spotlight recently mainly because of the $47 million hack.  So, Curve is looking to make a comeback amid sustained whale accumulation and a prevalence of large transactions.

Santiment recently delved into Curve Finance’s on-chain metrics, revealing the project’s push to recover from a bearish phase.

Whale Accumulation Surge

What caught our attention was the sudden surge in whale accumulation. Those holding 10,000 to 100 million CRV tokens seem to have regained confidence, ramping up accumulation since the month’s start.

Increased Holdings and Transactions

Sentiment data shows these holders increased their combined holdings from 33% to 41% of CRV’s circulating supply over two weeks. Also, noteworthy is the flurry of large transactions, with three of this year’s biggest happening shortly after a hack on August 4th, and five transactions over $10 million in the past week.


So, here’s the last whale move of the day. In addition to the previously mentioned coins, Compound has also captured the attention of whales. This heightened interest could be attributed to Compound’s recent launch on the new Ethereum Layer 2 Base earlier this month. 

This integration enables users to leverage ether and Coinbase-wrapped staked ether as collateral for borrowing the newly introduced bridged stablecoin, named USDbC. This development has undoubtedly piqued the curiosity of these influential investors.

COMP currently trades at $43.4. That’s all for today. Let us know your thoughts in the comments below.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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