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Whales Uploaded To These Three Altcoins: Featured Buys Of The Week!
Optimism (OP)
OP is the native token of smart contract network Optimism. Data shows whale investors are accumulating OPs this week. As the chart below shows, whales holding between 100,000 and 1 million OP coins have increased their holdings considerably. Between July 14 and July 15, they purchased 13.9 million OP tokens. This investment is currently worth approximately $21 million.
Arbitrage (ARB)
Recently, the Arbitrum network has come to the fore with hacking attacks, but it seems that investors were not affected by this situation. Santiment's on-chain data shows crypto whales are starting to get ARBs again.
Between July 13 and July 19, whales holding 1 to 10 million coins bought 31 million ARBs.
Synthetix (SNX)
After a slow start to July, Synthetix (SNX) hit a double-digit winning streak this week. However, the data shows that crypto whales buying SNX play a crucial role in driving the ongoing rally.
As an indicator, between July 15 and July 19, crypto whales holding 100,000 to 1 million SXN bought another 1.8 million tokens.
In a nutshell, Optimism (OP), Arbitrum (ARB), and Synthetix (SNX) stood out alongside other crypto assets whales bought this week. These altcoins could reach new highs in the coming weeks if other strategic retail investors follow the whales' latest trades.
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