The last quarter of the year is always busy in the crypto world. As we step into November, the big investors who shake the market, namely the crypto whales, started to make their strategic moves. These giant players, who do not want to miss investment opportunities, have their eyes especially on altcoin projects with high growth potential. Analysis based on on-chain data shows which coins have attracted whales’ attention this month and which coins investors will be watching.
Altcoin First on the List: Maker (MKR)
The first altcoin to enter the whales’ radar was Maker (MKR). MKR, Maker Protocol’s governance token, saw a significant increase in demand in November. According to IntoTheBlock data, the buying-selling balance of whales is increasing positively. This means whales have increased their MKR buying in recent days. For example, on October 30, the net flow value was 85.67 million, but now this figure has increased to 5,660 MKR tokens. So, they received around 5,575 MKR tokens this week alone.
When you calculate it at the current price of MKR, these purchases amount to an investment of more than $ 7 million. If the whales’ buying continues throughout November, the price of MKR will rise above $1,284. This makes it among the coins with a serious profit potential in the short term.
Ripple (XRP)
Another notable altcoin is Ripple’s XRP. As we reported as Kriptokoin.com, the XRP price dropped by 12% in October and whales avoided buying at that time. But after October 31, the situation changed. Santiment data shows that whales have purchased approximately 2 billion XRP since then. At current prices, this represents a massive investment of over $1 billion.
This interest from whales in XRP usually causes the price to move up. It is said that if this buying wave continues in November, XRP may recover its falling value. However, this expectation will be in vain if the whales stop buying. Investors find it useful to closely monitor how XRP will move during this period.
Altcoin ranked 3rd on the list: Pepe (PEPE)
Finally, another altcoin that caught the attention of whales was Pepe (PEPE). PEPE, which was once one of the most popular meme coins on the market, did not show a very impressive performance in October. The increasing popularity of other meme coins has eroded PEPE’s liquidity. But in recent days, there has been a noticeable increase in whales’ intake of PEPE. This shows that major investors believe PEPE can recover this month.
If this whale buying continues, PEPE’s price will push the $0.0000092 level. Of course, if the whales suddenly stop buying, the price will drop. That’s why it’s important to keep a close eye on PEPE.
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