Top 3 Whale Picks To Explode in May: Cardano (ADA), Toncoin (TON), Arbitrum (ARB)
After the Bitcoin halving, which occurred towards the end of April, the cryptocurrency market has been eagerly anticipating a potential rally. However, Bitcoin’s price movements have been relatively subdued, prompting institutional investors, known as crypto whales, to adjust their strategies.
These whales have shifted their focus from Bitcoin to altcoins, seeking opportunities for profit amidst the changing dynamics of the market. Experts believe that these altcoins present golden opportunities for potential gains.
So, which altcoins are the giants focusing on? Let’s take a closer look at the top 3 whale picks to explode in May.
1. Cardano (ADA): Since November 2023, Cardano has been witnessing a steady accumulation of whales, with a noticeable increase in transactions exceeding $100,000. While this accumulation may not directly impact ADA’s price, it signals growing interest from significant investors, potentially driving up its price in the future.
2. Toncoin (TON): Toncoin’s rise to the top ten cryptocurrencies was fueled by speculation surrounding Telegram’s potential IPO, attracting the attention of whales and leading to a surge in high-value transactions. Despite a slight retreat from its peak, Toncoin has experienced significant price appreciation, making it an attractive asset for whales seeking profitable opportunities.
3. Arbitrum (ARB): Despite facing price corrections for nearly two months, Arbitrum has remained a target for whale accumulation. With an impending token unlock event on May 16, whales may be looking to capitalize on potential profits. The consistent accumulation of ARB suggests a strategic move to prevent significant price declines, particularly with the impending increase in circulating supply.
Overall, the shift in focus from Bitcoin to altcoins by crypto whales reflects their adaptability to changing market conditions and their proactive approach to identifying profit opportunities. Their interest in Cardano, Toncoin, and Arbitrum signals confidence in the growth potential of these assets despite recent market fluctuations.
Which altcoin do you think has a bigger chance to explode in May? Share your thoughts with us.
