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What are crypto Whales buying after the ceasefire announcement between Israel and Iran
The global financial market breathed a sigh of relief with the news that the conflict between Israel and Iran is about to end. The President of the United States – Donald Trump announced that he has brokered a ceasefire, just 48 hours after the attack on Iran. This has led to a bullish increase in the value of cryptoassets.
Next, let's take a look at 3 tokens that whales seem to be buying after the order ceasefire, according to Bitcoin Magazine.
Virtuals Protocol (VIRTUAL)
Virtuals Protocol has seen interest from whales, albeit very small, with only $25,000 VIRTUAL purchased in the past 24 hours.
Despite this, the altcoin also faces strong selling pressure, indicating a balance between accumulation and distribution. This has led to a mixed market sentiment surrounding the short-term price fluctuations of the cryptoassets.
The recent sell-off has been mostly profit-taking, as whales capitalized on VIRTUAL's 23% growth in the last 24 hours. However, the selling activity has far outstripped the accumulation, with nearly 1 million VIRTUAL being brought to the exchange during this time, suggesting that many investors are looking to preserve profits instead of accumulating more.
If the accumulation of whales strengthens, it could bring VIRTUAL back above the $2 mark, signaling the potential for continued bullish momentum. Investor interest will largely depend on the actions of the major players in the market.
Uniswap (UNI)
The Uniswap whale (UNI) has purchased over 200,000 UNI, worth more than 1.4 million USD, within just 12 hours today. The increase in whale activity comes after the bullish market reaction following the ceasefire announcement, which seems to have sparked interest from large investors in the potential of Uniswap.
The impact of accumulation is reflected in the price of UNI, which has increased by 9% in the past 24 hours. This price volatility indicates strong demand from larger players in the market, signaling confidence in the future growth momentum of Uniswap despite overall instability.
Aerodrome Finance (AERO)
AERO has experienced similar whale activity as UNI, with large investors gradually accumulating cryptoassets.
In less than 24 hours, over 2 million AERO, worth more than 1.6 million USD, have been purchased, signaling interest from investors and creating a positive tone for the price volatility of AERO.
AERO has attracted the attention of whales due to an impressive growth of 61% since the beginning of June. This altcoin is currently nearing the $1 mark, still 19% away from reaching this important price level.
The growth momentum indicates strong dynamics and AERO is becoming an increasingly attractive investment.
This trend indicates confidence from investors and the potential for further growth in the future.
Vincent