As the week winds down, the market caps of altcoins are seeing a significant upward push, driven by an increase in transactions by whales. This week, we have seen a sharp increase in the number of transactions across differing networks that are above the $100K mark—a clear signal that high-net-worth individuals and institutional investors are taking a renewed interest in altcoins. Overall, the altcoin market appears to be undergoing a significant accumulation phase. What remains to be seen is if the broader market can keep up its recent upswing. Whale trades may lead to larger market swings. When big players
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