A prominent cryptocurrency analyst, closely watched by many, has revealed that wealthy investors are currently amassing a significant amount of a top-10 alternative coin.
Ali Martinez, a crypto strategist with a substantial following of 66,200 on the social media platform X, has disclosed that in the previous week, large investors, known as whales, have acquired a substantial volume of the native token of the layer-1 blockchain Toncoin (TON). Martinez stated, “Whales have purchased over 45 million Toncoin in the last week, totaling approximately $346.5 million!”.
[image of TON coin]
Source: Ali Martinez/X
At the time of writing, Toncoin is being traded at $7.77, showing an increase of almost 2% in the last 24 hours.
Moving forward, Martinez points out that the Tom DeMark (TD) Sequential indicator, a tool used by traders to identify potential reversal points for assets, is indicating a potential upturn for the popular meme coin Dogecoin (DOGE). Martinez highlighted, “The TD Sequential indicator is showing a buy signal on the Dogecoin three-day chart, suggesting an anticipated rise of one to four candlesticks for DOGE!”.
[image of DOGE coin]
Source: Ali Martinez/X
DOGE is currently valued at $0.123, experiencing a slight drop of nearly 3% in the last 24 hours.
Furthermore, the analyst notes that the TD Sequential indicator is also indicating optimism for Ethereum (ETH). Martinez emphasized, “The TD Sequential indicator reveals a buy signal on the Ethereum three-day chart, predicting a potential increase of one to four candlesticks for ETH!”.
[image of ETH symbol]
Source: Ali Martinez/X
At the time of writing, Ethereum is trading at $3,448, showing a decrease of 1.62% for the day.
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