FET Experiences Boom in Whale Transactions – Could it Boost Prices?

Whale activity around the Artificial Superintelligence Alliance (FET) has increased dramatically, with large transactions up 262%, as reported in IntoTheBlock data.

Large holders, often referred to as whales, are driving the upward momentum, suggesting that the token’s price could soon rise as local peaks signal potential growth.

Large investors currently control 64% of the total FET allocation, a statistic that could suggest a significant price increase.

Although overall trading volume has declined, whales are stepping in to stabilize the situation.

Despite this intense whale participation, FET trading activity has dropped by 10, but this has not discouraged large holders who remain committed to increasing the token’s value.

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Whale activity in the FET market is signaling a potential price breakout, with large holders controlling 64% of the asset. Recent spikes in significant transactions, up 262%, suggest that these major players are positioning for an upward move.

FET is currently trading within a symmetrical triangle pattern since March, indicating a period of consolidation and a likely breakout soon.

If whale trading continues at this pace, a bullish breakout could attract more buyers and push prices higher, making whale movements a key factor to watch for any upcoming price shifts.

Alexander Stefanov