An influential crypto analyst has revealed that large investors are suddenly accumulating a top-10 altcoin.
Crypto expert Ali Martinez shared with his 66,200 followers on the social media platform X that whales have been acquiring substantial amounts of Toncoin (TON), the native token of layer-1 blockchain, totaling more than 45 million tokens in the past week, equivalent to approximately $346.5 million.
At the time of writing, Toncoin is priced at $7.77, showing a nearly 2% increase in the last 24 hours.
In addition, Martinez highlighted that the Tom DeMark (TD) Sequential indicator is suggesting a potential rebound for Dogecoin (DOGE), a popular memecoin, with a buy signal on the three-day chart indicating a predicted bounce of one to four candlesticks for DOGE.
DOGE is currently trading at $0.123, down nearly 3% in the last 24 hours.
Furthermore, the TD Sequential indicator is also indicating bullish sentiment for Ethereum (ETH) on the three-day chart, predicting a rebound of one to four candlesticks for the cryptocurrency.
ETH is trading at $3,448, showing a 1.62% decrease on the day.
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Generated Image: Midjourney