As Bitcoin bounces back from the $54,000 bottom, many altcoins struggle in this bull run. Solana (SOL), in particular, has seen steep price drops. Following the Sonic update announcement, inactive Solana (SOL) whales have become activated to grab low-cap investments that can provide massive returns. Investors want to diversify their capital with small-cap projects showing promising signs, such as Fantom (FTM) and DTX Exchange (DTX).
Fantom (FTM) captivates Solana (SOL) whales as the altcoin shows an impending bullish rally. DTX Exchange (DTX) has recently caught investors’ attention with its cutting-edge platform. The presale of the DTX token has seen enormous success as it crossed the $980,000 mark relatively quickly.
Solana (SOL) Above $152 For The First Time In A Month
Solana (SOL) has been experiencing stagnation over the past few months. The current bullish impulse has benefited Solana’s (SOL) price action, as it finally managed to break through the $132-$150 channel and it’s currently trading at $162.
Rumors are going around that the SEC and an American investment management company are discussing a Solana exchange-traded fund. Considering the approval of the Ethereum ETF recently, this doesn’t sound implausible. Experts caution that it might take some time for the application to be accepted and the creation of a Solana ETF.
In light of this, it appears likely that Solana will reach a new all-time high by year’s end; however, as long as the cryptocurrency’s price movement is strongly correlated with Bitcoin’s, the future is uncertain. Moreover, considering the stagnant Solana (SOL) status, a vast majority of whales had become inactive.
The recent sonic update on the Solana (SOL) network has brought life to inactive whales, which have become active to accumulate the benefitting coins like Fantom (FTM) and DTX Exchange (DTX).
Investors Accumulate Fantom (FTM) Coins: Solana (SOL) Whales Shift To Fantom (FTM)
Recent data reveals a massive drop in Fantom (FTM) coin supply, hitting a low of 639 million since 10 January. The reduced Fantom (FTM) coins on exchanges suggest that the investors are holding onto their coins potentially signaling a bullish rally.
The supply of FTM coins on exchanges reached a maximum of 674 million on April 4th, but it has since decreased by 5%. This decline implies long-term holding strategies by investors, who may be shifting their holdings into private wallets. There may be a spike in demand and consequent price increases when there are fewer coins available on exchanges.
Following this trend, Solana (SOL) whales are also accumulating Fantom (FTM) coins waiting for the upsurge. Additionally, the FTM Average Coin Age is increasing. The average amount of time that coins have been held by their current owners is measured by a metric, which indicates that investors are holding their Fantom (FTM) for extended periods. As the exchange supply decreases, accumulation continues, as evidenced by the current Average Coin Age of 631.
DTX Exchange (DTX) Prepares For Unprecedented Growth Following Increased Whale Activity
The trading platform, DTX Exchange (DTX) has been all the buzz in the crypto space due to its exceptional features and innovative trading techniques. However, the platform has recently gained traction with a massive inflow of whales from established networks. Analysts suggest that the platform has gained attention particularly due to its hybrid trading methodology.
A perfect blend of the best features of CEX and DCEX has made DTX Exchange (DTX) a shining star in the DeFi space. The platform has readily raised over $1 million in presale stage 2. The second stage has only completed 46% of its presale. Market experts say that DTX Exchange (DTX) is setting a precedent of growth with its presale performance.
The presence of distributed liquidity pools, 1000x leverage features, non-custodial wallets, and the elimination of gas fees has made DTX Exchange (DTX) invincible. DTX Exchange (DTX) is a gateway to elevate your trading strategy with seamless integration for quantitative and algorithmic trading. It provides access to advanced tools and APIs that allow the automation of trading strategies, execute trades with precision, and capitalize on market inefficiencies with unmatched efficiency and accuracy.
Key Takeaways
Solana whales have tilted towards Fantom (FTM) and DTX Exchange (DTX) eyeing the growth potentials of these low-cap investments.
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