After months of rapid growth, the crypto market is taking a breather. Bitcoin and major altcoins have slowed down, with many analysts attributing this pause to the usual summer slump.
Still, industry experts believe the current cooldown is temporary, predicting that momentum will return strongly after September.
But even as the broader market enters a quiet phase, some surprising moves are happening beneath the surface. Blockchain analytics firm Santiment has observed large investors—or “whales”—shifting focus to unexpected assets over the past three months.
According to their latest findings, four altcoins have caught the attention of these major players: Immutable (IMX), Curve DAO Token (CRV), Bitcoin Cash (BCH), and Convex Finance (CVX). These tokens, often overlooked in the top-tier headlines, are now registering high-value transactions among whale wallets.
Immutable (IMX) stands out with the second-highest level of whale activity, showing strong support from deep-pocketed investors. Curve DAO Token (CRV) isn’t far behind, taking the fourth spot. Meanwhile, Bitcoin Cash (BCH) and Convex Finance (CVX) both secured fifth place in whale transaction rankings, suggesting a tie in interest levels.
Despite the market downturn on Monday, these assets showed resilience through steady whale accumulation. This type of behavior typically signals confidence in long-term value and may hint at which tokens could outperform once the broader rally resumes later this year.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/whale-activity-spikes-in-lesser-known-altcoins-despite-market-cooldown/