Best Crypto to Buy Now? Whales Buy The Dip On This New Coin As Prices Crash

Whales and smart money investors do not believe that the crypto bull market is over. 

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On-chain activity suggests that whales are buying the dip as small-scale retail investors panic-sell their holdings. 

Whales’ optimism isn’t without merit. The soaring global liquidity, rapidly easing financial conditions and cycle top indicators all suggest that the crypto bull market isn’t over. 

Whales Buy The Dip As Crypto Prices Crash

Crypto prices extended their losses on Monday, with the Bitcoin price temporarily falling below $78,000. 

Coinglass data reveals that over $800 million worth of positions have been liquidated in the past 24 hours, with over $620 million in longs.

The continued decline in US stocks is adding to the selling pressure on crypto. The tech-heavy NASDAQ-100 is down by nearly 4% on Monday, while the S&P 500 posted its worst day since 2022. 

And yet, whales are buying the dip. Take, for instance, the increase in long positions on Bitfinex. While the Bitcoin price is down by 15% since February 22nd, the long positions have surged by more than 21%. 

Coinglass data reveals that the long-short ratio for top trader accounts on Binance has surged to 3.25, indicating that smart money investors are expecting a bullish reversal. 

Altcoins are also in high demand. For instance, whales have scooped up 330k ETH in the last 3 days, which pans out to $660,000,000 at its current price. 

Meanwhile, prominent analyst Ali Martinez reveals that 600,000 ETH coins have been withdrawn from exchanges over the past week. 

Martinez also reports significant whale buying activity in Dogecoin. Nearly $217 million was invested in DOGE in the past 24 hours alone. 

Cardano is another asset that has received considerable interest from whales, perhaps due to its inclusion in Trump’s list of US crypto strategic reserve assets. 

The whales’ optimism isn’t without merit. GMI’s Head of Macro Research Julien Bittel reveals that global liquidity is soaring while the financial conditions ease rapidly, creating the perfect backdrop for a crypto market rally. 

Best Crypto To Buy Now

Whale buying activity reveals the most attractive investments. 

It isn’t surprising they believe that Bitcoin, Ethereum, Dogecoin and Cardano are among the best cryptos to buy now, considering that the popular assets are in the highest demand by retail investors.

However, smart money investors are also stacking low-cap cryptos with high upside potential. For instance, Solaxy (SOLX) is seeing regular six-figure investments and has raised nearly $26 million in its ICO behind heavy whale and retail interest. 

Just last week, a whale purchased nearly $200k worth of SOLX, despite the broader market uncertainty. 

The first-ever prominent Solana layer-2 scaling has already impressed experts with its scaling solution, which features ZK-proofs, a deterministic rollup, a robut state change function, data availability tools like Celestia and a multi-chain bridge powered by Hyperlane. 

The project promises zero network congestion for Solana, even during periods of heavy traffic and an exponential increase in scalability, resulting in low-latency transactions on both chains. 

The strong demand for SOLX isn’t surprising. Whales realize that prominent Bitcoin and Ethereum L2s like Stacks, Optimism and Arbitrum have multibillion dollar valuations, making Solaxy highly undervalued during its presale. 

It is, therefore no surprise that several early buyers are viewing SOLX as the next 10x crypto. 

Visit Solaxy Presale

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.