A huge whale made just what one of the largest crypto movements could be this quarter, and moving 18 million Ethena (ENA) tokens to Binance. The transaction, worth around $ 8.78 million, has fueled speculation on a possible sale and its impact on the price of ENA. While the market reacts, investors are now watching meme coins such as Shiba Inu (Shib) and Chowwow ($ Chow) For their next big move.
This kind of whale activities often shakes confidence in investors, but it also creates opportunities. Now that ENA is falling more than 10% in just 24 hours, traders are shifting the focus to altcoins with a high potential with a strong community support and high growth potential. Can this catalyst rise shib and $ chow in the coming weeks?
Ethena (ENA) Whale movement Start Bearish sentiment
Ethena is at the mercy of market volatility and recently saw a significant decrease of 10% fall. This sharp fall came after a whale was not stuck and 17.875 million ENA – WORTH more than $ 8.78 million – transferred to Binance. Because ENA is already struggling to make a strong buy-side support, this step has increased the bearish sentiment and the concern that more decreases are possible.
Data on the chains shows that the whale in question, identified as a wallet 0x8f9, had collected ENA at an average price of $ 1,167, usually during price peaks. If the whale decides to leave fully at the current levels, this would lock a huge loss. The financing percentage of ENA has also become negative, which suggests that Futures traders are leaning Beerarish and expect further bear prices. Without an increase in demand to prevent this massive inflow of tokens into Binance, the Altcoin threatens to slip under $ 0.41, with a sausage case scenario at $ 0.31.
Shiba Inu (Shib) Holders will soon expect bullish prices
Shiba Inu has had its part of the disturbing market performance and has experienced a mix of profit and losses in recent weeks. While the price has risen 3.17% In the past week, the decrease of 23.18% shows signs of instability in the past month. Nevertheless, Shib remains one of the best crypto coins to buy for the long term, thanks to an increase of 68.03% in the past year. With a market capitalization of a maximum of $ 9.67 billion, Shib remains a much-needed meme-mint.
Whale activity around SHIB has added to positive market views, with a recent movement of 290.4 billion tokens – appreciated at around $ 4.8 million – from Binance. Although this suggests that the growing interest of investors with a high NetNet, the transaction volumes has fallen by 35%, which means that there is possible market fatigue. The reduced whale activity can mean that SHIB introduces a consolidation phase before the next Grand Price Movement. Investors are now looking closely to see if Shib can regain the bullish momentum or whether further sale can suppress its price.
Chowwow ($ Chow) enjoys enormous interest as one of the high potential altcoins
While Ethena is confronted with a whale -induced sale, Chowwow benefits from a wave of Bullish Momentum that has investors in his current presale. This Meme-Munt-based Meme-Munt proves that the market is also about timing the right opportunities. With its presale tokens available for just $ 0.008, early buyers protect positions before an expected post-listing dump. The tokenomics of the project, built around Stakelonings, Gaming and Burothing, create a model designed for long -term growth instead of short -term dumps.
Chowwow is displayed Meme Munt hype by adding real use that traders and holders have drawn in the long term. The Play-to-Earn Gaming ecosystem, the Chowwow Kingdom, is an engagement magnet while rewarding investors to setting up their tokens. In contrast to Ethena, which treats the volatility caused by whale, ChowWow’s approach reduces the risks of sudden sale. By having a Fìxed offer and planned token burns, the scarcity effect can stimulate the question and value, making it one of the high-potential altcoins to buy before it touches.
While the sale of whale shuts on other sectors of the market, the strong presale demand from Chowwow reveals another trend: accumulation over liquidation. Investors looking for alternatives for volatile tokens believe that the $ Chow growth model is impressive, making it the best crypto coins to buy now. If the demand continues at its current pace, an offer can provide the price for many expectations.
Conclusion
If whales keep dumping, tokens such as ENA can remain under pressure for a while, but that does not mean that the market slows down. Investors are already on their way to meme coins such as Shib and $ Chow, looking for the next explosive opportunity. While Shib remains a strong competition, Chowwow’s approach and the growing demand for his presale tokens can make it the real winner in the coming weeks.
Credit : coinpedia.org
