These 3 Altcoin Whales Awaken: Panic Selling Has Started!

With the investor sentiment in the market negatively affected, these 3 altcoin whales woke up. After these whales in big sales, panic sales started! So, what are the critical levels for these altcoin projects? Here are the details…

Whales start selling for leading altcoin ETH: Investors are worried!

cryptocoin.com As we reported, Ethereum whales are showing signs of panic as they stay amid sales by Vitalik Buterin and the ETH foundation. Recently, two large ETH whales dumped 19,090 ETH worth about $35.7 million into UniSwap. These sales caused panic among investors. The panic started when the first whale, identified as 0x6071, traded 9,950 ETH for 18.63 million DAI for $1,873 per ETH. Shortly after, another whale named 0x7641 did the same, exchanging 9,140 ETH for 17.07 million DAI for $1,867 per ETH. These massive selloffs sparked concerns among Ethereum owners and led to an increase in selling activity beyond the whale group.

The increasing selling pressure had a significant impact on Ethereum’s price, dropping from $1,900 to $1,850 within hours after the surge in selling activity. As a result, Ether is currently consolidating around the 50-day moving average, causing uncertainty and speculation among investors.

However, the sales of Vitalik Buterin and ETH foundation raised questions about the market. Analysts consider the sell-off as a response to the latest rally of meme coin projects. However, the panic among Ethereum whales highlighted the vulnerability of the market to the actions of influential individuals and organizations. The actions of the foundation do not cause fluctuations in the market for the first time. The last time the foundation sold its assets, the industry entered a protracted bear market that it has never seen before.

Whale activities for PEPE draw attention!

Memecoin Pepecoin (PEPE) has been in all the limelight in the crypto space over the past week amid a 400% price increase in one week. Pepecoin (PEPE), which hit an all-time high of $0.0000046 last Friday, has been under strong selling pressure over the past weekend. It seems that whale activity for Pepecoin has increased significantly over the past weekend. As reported by experts, whales have started profiting from altcoin PEPE holdings after crypto exchange Binance took the decision to spot listing.

Interestingly, as the Pepecoin price plummeted over the weekend, some wild-buying whales are facing huge losses. According to data from Lookonchain, a whale that bought 962 billion PEPE coins at an average purchase price of $0.000003122 is currently facing more than half a million dollars in losses.

But interestingly, some of Pepecoin’s (PEPE) early investors see the recent drop as an opportunity to buy again. Lookonchain reveals that 4 whales bought PEPE within 3 minutes of listing and still haven’t sold it. These whales are still waiting for purchase. However, after the massive price surge in Pepecoin over the past three weeks, analyst Bob Louka quoted:

These coins have no real value and it’s pretty funny to see some traders peaking in these coins. They are technically worthless and also technically invaluable. Respect the ascension moves! Respect the exits! I’m not into any of them, but I appreciate this culture.

SHIB whales continue to buy!

Due to external factors that negatively affected investor sentiment, especially Shiba Inu, the upward trend in the market reversed and went into decline. SHIB, one of the leading meme coins in the market, is currently in the red on all timeframes. SHIB, one of the leading meme coins in the market, is currently in the red on all timeframes. The latest market data reveals that SHIB is down about 5% in the current timeframe. However, according to recent reports, crypto whales are accumulating SHIB.

According to WhaleStats, SHIB is still the most traded coin by whales. The latest news on this latest activity reveals that this accumulation could be part of a larger investment strategy. In late March, the same whales had sold over 500 billion SHIBs before accumulating once again. Whales also hold the majority of the SHIB supply. Up to 31% of the total SHIB supply is controlled by 100 whales on the market. However, the accumulation of these whales was met with decline as SHIB began to decline.

The recent price action of SHIB can be explained by the recent actions of the market. Major cryptocurrencies like Bitcoin and Ethereum have been performing poorly over the past few days. According to one analyst, SHIB’s current performance may be hampered by developments outside of SHIB.

Momentarily, SHIB is located below the $0.0000096 resistance level. The price is stabilizing below this level and this could be a signal for bullishness. If the bulls break above $0.00000096, investors can comfortably aim for $0.00001098. On the other hand, investors should keep a close eye on the BTC and ETH price for SHIB.

May 10, the date on which the CPI data, which is extremely important for investors in the macroeconomic situation, will be announced, is announced as a date that investors should follow. According to experts, if the CPI remains high or stable, the FED may increase interest rates in the coming months. However, long investors seem to be superior to short investors by a large margin.