It’s been a rough couple of days. The SEC’s lawsuit against Binance and Coinbase caused a scare. And crypto prices reacted to that news. We are all waiting to see how that ends. But, as you know, the show must go on. The market is busy as always. And crypto whales are leading the way. These whales scout for opportunities and dive in at the right time.
So, now is the best time to learn from their market activities. I’ve got a list of 3 tokens that whales have been interested in. Let’s get to it.
The launch of the Arbitrum token was one of the most flamboyant events in crypto this year. Almost everyone looked forward to the launch of the ARB. Unfortunately, there was a conflict between token holders and the Arbitrum Foundation. So, rumors and sell-offs dominated the ecosystem.
Amidst all this craziness, blockchain tracking platform Lookonchain spotted something interesting. Lookonchain identified four whales buying ARB despite the drama. Over the last few weeks, even months, these whales have stayed busy.
One of the whales reportedly bought about 1.51 million ARB. And another has a portfolio of 2.3 million ARB tokens. The accumulation strategy of these whales can’t go unnoticed.
So, Why Are These Whales Interested in ARB?
Arbitrum could possibly pass as the best L2 right now in terms of stability. StarkNet is still in alpha and buggy. Besides, Arbitrum contributes to a lot of fee generation for Ethereum.
The availability of USDC on Arbitrum. Circle recently announced that USDC is natively supported on Arbitrum. So developers and their users can access the stablecoin without needing to bridge. Businesses can enjoy quicker settlement times using Circle Account and the Circle APIs.
As of June 12, 2023, Arbitrum has a stunning Total Value Locked (TVL) of over $2 billion. This demonstrates its strong digital asset liquidity and robust developer ecosystem. Businesses can increase their customer base. And gain access to the cryptocurrency capital markets by connecting with Arbitrum USDC.
Arbitrum is a layer 2 scaling solution for Ethereum. It uses Optimistic Rollup technology to scale transaction throughput for dapps. At the same time, it maintains the security of the Ethereum blockchain. So, Arbitrum recently experienced a pause due to a software bug. But the platform quickly rectified the issues and resumed its operations. ARB currently trades at $0.9151.
Narratives are one of the best ways to plan your strategy. And BRC-20 tokens are one of the trending narratives in crypto right now. So it makes sense that whales are accumulating BRC-20 tokens.
So, Ordinals (ORDI) is one of the best BRC-20 tokens to buy. Aside from being an OG, Ordinals have a good ecosystem. Ordinals make it simple for users to inscribe their image onto a satoshi.
You don’t have to bother about basic complicated procedures. This includes maintaining your own node. And making sure the inscription is on the right satoshi. That’s what Ordinals do for you.
The SEC is really coming for cryptocurrencies. But we believe that activities in and around Bitcoin will increase if that happens. ORDI qualifies as a commodity and a security. So there’s a good outlook for the token.
There are lots of reasons why whales are bullish on ORDI:
- The tokenomics is similar to Bitcoin. There’s a total supply of 21 million ORDIs. And all tokens are already in circulation. This is impressive considering the token was launched in March of this year.
- The project has an active community. This means the interest is on the high side.
- Each $ORDI is backed by 1 satoshi. A satoshi is the lowest value measurement for Bitcoin. 100 million satoshis = 1 Bitcoin.
- Ordinals have changed the Bitcoin narrative. So now you can use Bitcoin as cash.
- Currently, ORDI trades at $5.51.
SUI isn’t a stranger in our community. The token’s launch was the hype of the community. But as of last month, some of that hype had died down, and it looked like SUI was over.
However, whales are going bullish on SUI. And there are reasons for that.
- Sui has a special case. It has surpassed Aptos in terms of social interest and trading volume.
- Secondly, there’s also the possibility of an airdrop. You know how crypto guys love airdrops. But, nothing is confirmed at the moment. But there’s also that possibility.
- SUI recently signed a partnership with Bull Racing. The partnership makes SUI Red Bull’s official blockchain partner.
There’s still a lot of interest in SUI. And that’s an advantage for the token. As of this article, SUI trades at $0.6310.
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