Whales Accumulate AAVE, WLD, and UNI as ETH Prepares for Rally
Bitcoin has dropped to $110,000, leading to a decline in altcoins. However, whale activity indicates potential accumulation ahead, particularly in Ethereum.
Whale Accumulation of Altcoins
- Whale address 0xF436 withdrew 43,123 AAVE worth $13.87 million from exchanges. AAVE is down nearly 6%, trading at $306.
- Wallet 0xC0D9 withdrew 9.325 million WLD valued at $8.86 million from Binance. WLD trades at $0.9236, down 3%.
- Wallet 0x4940 withdrew 408,557 UNI worth $4.11 million from Binance. UNI is currently trading at $9.66, down nearly 4%.
These withdrawals suggest active accumulation despite cautious retail sentiment.
Ethereum Market Dynamics
Ethereum shows signs of rally preparation as open interest trends on Binance indicate retail traders are closing long positions. Current ETH open interest is around $9 billion. Historical data suggests a surge may follow, as seen previously when ETH reached $4,900.
ETH funding rates have turned negative, indicating short dominance and potential for a short squeeze.
The combination of whale activity in altcoins and bullish signals for ETH supports the possibility of an upcoming altcoin rally.
Snorter Bot ($SNORT) Developments
Interest is growing in Snorter Bot, a Telegram-based crypto trading assistant. The current presale offers $SNORT tokens at a price of $0.1027, with $3.5 million raised so far. The total supply is capped at 500 million tokens.
Snorter Bot focuses on making DeFi trading accessible, with features optimized for Solana and future support planned for other networks.