In the past 24 hours, Bitcoin’s price surged past $93,000, triggering the liquidation of over $285 million in short positions. This sharp upward movement caught many traders off guard, forcing the automatic closure of their leveraged bets against Bitcoin. The current BTC price stands at $93,642, with an intraday high of $93,723 and a low of $88,027. The massive liquidations highlight the risks of shorting in the volatile crypto market, especially as Bitcoin continues to outperform expectations.
The altcoins sector has gained notable traction as Bitcoin and the broader financial market recovered recently. However, the latest data indicates that the whales are shifting their focus to these specific coins for now. Recent whale activity suggests a strategic pivot toward select altcoins with high growth potential.
These tokens, though under the radar, are now gaining serious momentum thanks to these massive inflows.
Top Altcoins That Whales Are Putting Their Bets On
While Bitcoin grabs headlines due to the robust BTC rally, the top altcoins are quietly stealing the show. According to blockchain analytics platform Lookonchain, whale wallets are actively accumulating three specific tokens, VIRTUAL, Worldcoin (WLD), and GAME. This movement indicates growing confidence in these assets, especially amid a broader market rebound.
In a recent post on X, Lookonchain disclosed that a single whale snapped up 2.53 million VIRTUAL tokens worth around $2.66 million at a price of $0.93 each. The altcoin, associated with metaverse-related infrastructure, has seen rising interest thanks to renewed speculation around virtual economies.
The same whale also scooped up 1.48 million WLD tokens, spending $1.73 million at an average of $1.02 per token. Worldcoin has remained a hot topic due to its ambitious identity-verification goals tied to AI-driven platforms. Whale accumulation here suggests growing belief in the project’s long-term utility.
Meanwhile, a much larger but lower-value transaction involved 6.47 million GAME tokens, acquired for just $299,000 at a mere $0.04 apiece. This indicates a possible bet on the gaming sector’s comeback, particularly with Web3 games gaining traction again.
Lookonchain also noted a smaller buy: 303,574 COOKIE tokens worth $40,700, priced at $0.13 each. While not as prominent as compared to the other altcoins, this modest purchase adds weight to the idea that whales are diversifying within small-cap tokens.
How Worldcoin, Virtual, & GAME Tokens Are Performing?
Worldcoin price today rose more than 24% and exchanged hands at $1.17 with its one-day volume rocketing 150% to $481 million. Notably, the crypto has touched a high of $1.19 from a low of $0.95 in the last 24 hours.
Worldcoin Price Chart
Simultaneously, given the whale’s accumulation, the other altcoins also recorded robust rallies today. It also reflects how these whale or large investors’ moves influence the broader market sentiment. VIRTUAL Price recorded a surge of over 34% to $1.10 and its trading volume soared 260% to $511 million.
VIRTUAL Price
Meanwhile, GAME price also jumped about 70% to $0.05, accompanied by a rocketing trading volume of 76% to $6 million. With its recent surge, the crypto has added more than 200% in the weekly chart while soaring around 121% over the last 30 days.
GAME Price
Also, the COOKIE price jumped more than 10% and exchanged hands at $0.1420 during writing, reflecting the investors’ shifting focus.
The first sale of Pump.Fun’s native PUMP token created ripples in the launchpad industry. However, this did not impact the performance of the protocols as LetsBONK.fun surpassed Pump.Fun in terms of daily revenue.
Thus, BeInCrypto has analysed three LetsBONK.fun ecosystem tokens for the investors to watch.
Useless (USELESS)
USELESS price is currently at $0.271, trading within a range between $0.222 and its all-time high (ATH) of $0.338. The altcoin is about 25% away from its ATH, signaling potential for further growth.
Despite a slow week, USELESS shows signs of an uptrend. The Parabolic SAR indicator is currently positioned below the candlesticks, suggesting the potential for further upward momentum.
If this trend continues, USELESS could surpass its ATH of $0.338 and push towards the $0.400 resistance, offering bullish prospects for holders.
However, if investor sentiment shifts and selling pressure increases, USELESS could face a decline. Falling below the support of $0.222 would signal weakness, and a further drop could push the price to $0.182. This scenario would invalidate the bullish outlook, highlighting the risks associated with market volatility.
Hosico Cat (HOSICO)
HOSICO reached a new all-time high (ATH) last week at $0.077 but has since dropped, currently trading at $0.047. The meme coin now stands about 62% away from reaching its ATH again.
The 50-day EMA positioned well below the candlesticks suggests that HOSICO is likely to maintain its position above the support level of $0.040. This indicates a possibility for the altcoin to regain upward momentum and gradually rise back toward its previous ATH.
However, if HOSICO breaks through the support at $0.040, it could fall below $0.034, invalidating the bullish outlook. A significant drop would suggest that market sentiment has shifted and the previous uptrend may be reversed.
Let’s BONK (LETSBONK)
LETSBONK is currently down 12% today, with its price standing 126% away from its all-time high (ATH) of $0.259. Despite this, the altcoin experienced a 44% surge in the last 24 hours, demonstrating its ability to rebound.
Trading at $0.114, LETSBONK is holding above the support level of $0.090. To reach the ATH, the altcoin must overcome a key resistance at $0.187.
Breaching this barrier would likely trigger a fresh rally, pushing the token closer to its all-time high. With the RSI sitting in the bullish area above the neutral mark, it is likely LETBONK will rise.
However, if LETSBONK faces selling pressure in the coming days, it may fail to hold the support at $0.090. This could cause a significant drop to $0.041, invalidating the bullish outlook.
The rise of Ethereum (ETH) price above $2.6k in the past 24 hours played a crucial role in the bullish recovery for the Binance (BNB) coin. According to crypto data from Coingecko, BNB price gained over 2 percent in the past 24 hours to trade about $687 on Tuesday, during the late North American trading session,
As a result, BNB regained a market cap of over $100 billion, with a 24-hour average trading volume of about $1 billion. The notable surge in crypto FOMO significantly helped BNB price to regain bullish sentiment amid the highly anticipated altseason.
BNB Rises on Favorable Fundamentals
The rise and adoption of the BNB chain by mainstream users has heavily bolstered the success of its decentralized financial products. For instance, the PancakeSwap (CAKE) has continued to record historical daily volume following the notable mainstream adoption of the ecosystem’s tokens and memecoins.
According to market data from Defillama, the BSC network had a total value locked of about $6.5 billion and a stablecoins market cap of around $10.1 billion. Most importantly, the BSC chain recorded a daily average active users of about 2 million.
Short Term Targets
BNB price has gradually followed Bitcoin (BTC) price action in the past two months. In the past three weeks, BNB price has consolidated in a symmetrical ascending triangular pattern, with a crucial resistance level around $687.
As a result, it is safe to assume that the BNB bulls have been gaining more ground over the sellers in the past.
With Bitcoin price on the cusp of a major rally, catalyzed by heightened demand from institutional investors, BNB price is well positioned to rally beyond $687. Moreover, the four-hour MACD line remains above the zero line amid the growing bullish histograms.
As the four-hour Relative Strength Index (RSI) works on piercing the 70 percent level, BNB price is aiming at rallying above $790 soon.
The post BNB Price Analysis and Short-term Forecast appeared first on Coinpedia Fintech News
The rise of Ethereum (ETH) price above $2.6k in the past 24 hours played a crucial role in the bullish recovery for the Binance (BNB) coin. According to crypto data from Coingecko, BNB price gained over 2 percent in the past 24 hours to trade about $687 on Tuesday, during the late North American trading …
