"Whales are starting to be active, is this a sign that the crypto market is bullish?"
The cryptocurrency market is recovering as its global market cap has jumped back above 1 trillion and whales are actively buying or trading digital assets causing Bitcoin (BTC) and Ethereum (ETH) to see a rise.
Despite that, Shiba Inu (SHIB), Polygon (MATIC) and Decentraland (MANA) are among the digital assets most invested by top ETH whales.
MATIC is a smart contract frequently used among the top 5,000 ETH whales following its network upgrade and hard fork for reduced gas fees including re-updating the ecosystem.
Through observation, whales were found to buy as many as 59 MATICs worth $56 million before the price jumped 20% and continued to rise 7% to $1.19.
In addition, whales reportedly started buying SHIB when the main developer of the memecoin named Shytoshi Kusama intends to launch Shibarium Beta on February 14, 2023, where so far the price is at $0.00001193 in the last 24 hours.
It is also worth noting that MANA's increased development activity over the past few weeks has pushed its price close to 15% but is now down a bit at the $0.7875 zone.
WHERE are the top 10 digital assets bought by the 100 biggest whales and the most bought among the top 100 ETH whales in the last 24 hours.
In the meantime, BNB Smart Chain (BSC) whales have invested in Dogecoin (DOGE), Cardano (ADA) including AAVE and all those digital assets are the top 10 tokens bought by the 500 largest BSC whales.
