⚡️🐋 NEW - Whales are buying hundreds of millions of ETH in what analysts are calling "an organic rotation" from Bitcoin to Altcoins.
Indeed, according to Nicolai Sondergaard, research analyst at Nansen. investors are reportedly turning to altcoins attracted by greater upside potential.
9 large whale addresses bought a total of $456 million worth of ETH.
"This looks very much like a natural rotation, with investors locking in profits from Bitcoin's rise and turning to other tokens to take advantage of potential upside. Ether in particular is benefiting from its current high profile and the momentum of Ether treasury companies."
Indeed, according to Nicolai Sondergaard, research analyst at Nansen. investors are reportedly turning to altcoins attracted by greater upside potential.
9 large whale addresses bought a total of $456 million worth of ETH.
"This looks very much like a natural rotation, with investors locking in profits from Bitcoin's rise and turning to other tokens to take advantage of potential upside. Ether in particular is benefiting from its current high profile and the momentum of Ether treasury companies."
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