The crypto market continues to signal a sustained correction, with Bitcoin and Ethereum breaching critical support levels of $55,000 and $2,500, respectively, on Friday. Despite this downturn, as the cryptocurrency market gears up for the final quarter of the year, savvy investors are closely monitoring assets with high growth potential. One of the most telling indicators of future price action is the behavior of crypto whales—large holders who can heavily influence market movements. These whales often accumulate certain cryptocurrencies in anticipation of major rallies, making them key assets to watch. IHere are the top three whale-favored cryptos poised to surge by up to 5000% in Q4, offering massive potential returns for those who move early.
How Whale Accumulation Signals Crypto Market Bottoms
Whale activity has been a crucial metric in the cryptocurrency market, often indicating large holders’ buying and selling behavior. Generally, an active accumulation trend by these smart money has coincided with major market bottoms, indicating key indicators for top crypto to buy.
Toncoin (TON)
Toncoin, the crypto associated with Telegram, has recently gained market attention following reports of Telegram founder Pavel Durov’s alleged arrest in France. On September 6th, Durov issued a statement criticizing the French authorities and the arrest drama. He clarified that the media misrepresented the events and emphasized that Telegram remains committed to privacy and neutrality.
By press time, the TON price had traded at $4.6 and held a market cap of $11.76 billion.
Despite the legal challenges, the whale interest in Toncoin remains stable, as addressed with 1 Million to 10 Million TON now accounting for a total of 3.18 million coins, according to Santiment data.
Pepe Coin (PEPE)
The Frog-themed crypto PEPE shows a notable correction from $0.000017 to $0.000007— a 60% drop within four months. While this correction must have scared the short-term speculative traders, the large holders steadily accumulated this asset.
Supply distribution data shows that whales holding 10,000,000 to 100,000,000 PEPE steadily increased their holdings to a peak of 3.64T coins. This consistent accumulation signals that large holders anticipate a potential reversal in the PEPE coin.
By press time, the PEPE price had traded at $0.0000069, boosting a market cap of $2.94 billion.
Optimism (OP)
Optimism (OP), a layer-two blockchain on top of Ethereum, projected an aggressive correction from $4.85 to $1.42— a 70% decline in six months. However, the downward trend gradually shifts sideways as the $1 psychological level sparks renewed demand pressure.
According to Santiment data, whale addresses holding between 1M to 10M OP have significantly increased their holdings, reaching a peak of 672 million coins. This aggressive accumulation suggests growing confidence in the Optimism coin as it aims to strengthen its position above $1 support before the next leap.
With an intraday gain of 6%, the OP price trades at $1.4 and boasts a market cap of $1.68 Billion.
The post Top 3 Whale-Favored Crypto to Rally 5000% In Q4 appeared first on CoinGape.
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