After the Bitcoin halving, which occurred towards the end of April, the cryptocurrency market has been anticipating a potential rally.

However, Bitcoin’s price movements have been relatively subdued. In response, institutional investors, commonly called crypto whales due to their large holdings, have adjusted their strategies.

They’ve shifted their focus from Bitcoin to altcoins, seeking opportunities for profit amidst the changing dynamics. Experts believe that these altcoins present golden opportunities for potential gains.

So, which ones are the giants focusing on? Which would probably work out best for you? Let’s dive in.

Top 3 Whale Picks To Explode in May

Cardano (ADA)

Since November 2023, Cardano has been witnessing a steady accumulation of whales. This trend has intensified recently, with a noticeable increase in transactions exceeding $100,000. While this accumulation is not a direct point of price movement for ADA, it signals growing interest from significant investors. Given the substantial influence of whales on daily trading volume, their continued accumulation of ADA could potentially support and even drive up its price in the future.

Toncoin (TON)

Toncoin’s ascent to the top ten cryptocurrencies was fueled by speculation surrounding Telegram’s potential IPO, announced in March. Interestingly, this development attracted the attention of whales, leading to a surge in high-value transactions. Despite a slight retreat from its peak, Toncoin experienced significant price appreciation, making it an attractive asset for whales seeking profitable opportunities. The sustained interest from whales underscores their confidence in TON’s potential for further growth.

Arbitrum (ARB)

Despite facing price corrections for nearly two months, Arbitrum has remained a target for whale accumulation. With expectations of a post-halving rally diminishing and an impending token unlock event on May 16, whales may be looking to capitalize on potential profits. The consistent accumulation of ARB by whales suggests a strategic move to prevent significant price declines, particularly considering the impending increase in circulating supply. This accumulation could buffer against ARB’s price dropping below $1.00.

Overall, crypto whales’ shift in focus from Bitcoin to altcoins reflects their adaptability to changing market conditions and their proactive approach to identifying profit opportunities. Their interest in Cardano, Toncoin, and Arbitrum signals confidence in the growth potential of these assets despite recent market fluctuations. 

Which altcoin do you think has a bigger chance to explode in May? Tell us.

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