A massive whale has just made what could be one of the greatest cryptography movements this quarter, discouraging and moving 18 million Ethena tokens (ENA) in Binance. The transaction, worth around $ 8.78 million, sparked speculation on a potential sale and its impact on the price of the ENA. As the market reacts, investors are now considering memes pieces like Shiba Inu (Shib) and Chowwow ($ Chow) for their next big blow.
This type of whale activity often shakes the confidence of investors, but it also creates opportunities. ENA lowering more than 10% in just 24 hours, traders focus on high potential altcoins with solid community support and high growth potential. Could this catalyst send Shib and $ CHOW Arrow in the coming weeks?
Ethena (ENA) Whale Move Kick-Starts feel Bearish
Ethena was at the mercy of the volatility of the market and experienced a significant drop of 10%. This sharp decline occurred after an overflowing whale transferred 17.875 million ENA – more than $ 8.78 million – at Binance. ENA already having trouble supporting solid support for purchase, this decision has increased the lowered feeling and has fueled concerns that more decreases are possible.
Chain data show that the whale in question, identified as 0x8f9 portfolio, had accumulated ENA at an average price of $ 1,167, mainly during price peaks. If the whale decides to completely leave the current levels, it would lock a massive loss. The ENA financing rate has also become negative, suggesting that the long -term traders lean down and expect new bear prices. Without an increase in the demand to counter this massive influx of chips on the Binance, the Altcoin risks slid below $ 0.41, with a worst case at $ 0.31.
Shiba Inu (SHIB) holders are soon expecting bruise prices
Shiba Inu has had its share of disturbing market performance, undergoing a mixture of gains and losses in recent weeks. Although its price has climbed 3.17% in last week, its 23.18% drop in the last month shows signs of instability. Despite this, Shib remains one of the best coins to buy in the long term, thanks to an increase of 68.03% in the past year. With a market capitalization of up to $ 9.67 billion, Shib remains a piece of memes on demand.
The activity of the whales around SHIB added to positive opinions on the market, with a recent movement of 290.4 billion tokens – estimated about $ 4.8 million – on a binance. Although this suggests growing interest from high net investors, transactions volumes have dropped by 35%, which means there is a possible market fatigue. The reduction in whale activity could mean that Shib is entering a consolidation phase before its next high price. Investors are now looking closely to see if Shib can take up the bullish momentum or if other sales could remove its price.
Chowwow ($ chow) has a massive interest as one of high potential altcoins
While Ethena faces a sale induced by the whales, Chowwow capitalizes on a wave of bullish momentum that has investors in its current presale. This room even based in Solana proves that the market also consists in synchronizing good opportunities. With its presale tokens available at only $ 0.008, the first buyers obtain positions before a planned increase in the postal list. The project tokenomics, built around rewards, games and redemptions, create a model designed for long -term growth rather than short -term discharges.
Chowwow redesigns the media threshing of memes by adding real utility that has drawn long -term merchants and holders. His game game ecosystem, the kingdom of Chowwow, is a commitment magnet while stimulating the rewarding mechanisms for having held their tokens. Unlike Ethena, which deals with the volatility induced by whales, Chowwow’s approach reduces sudden sales risks. By having a Fìxed offer and expected tokens burns, the rarity effect could increase demand and value, making it one of the high potential altcoins to buy before it reaches exchanges.
While whale sales shake other sectors of the market, the high demand for Chowwow prevented exposes a different trend: accumulation of liquidation. Investors looking for alternatives to volatile tokens find that the $ Chow growth model is impressive, making it the best coins to buy now. If the demand continues at its current rate, pressure from the supply could push the price far beyond expectations.
Conclusion
If the whales continue to pour, tokens like ENA could stay under pressure for a while, but that does not mean that the market slows down. Investors are already moving to pieces even like Shib and $ Chow, looking for the next explosive opportunity. While Shib remains a solid competitor, the approach of Chowwow and the growing demand for his presale tokens could make it the real winner in the coming weeks.
Visit the Presale of Chowwow
