Crypto Whales Target Fantom, Dogecoin, and Optimism in December
Caught on the Radar: Crypto whales, notorious for swaying market trends, are setting their sights on specific altcoins this December.
Our analysis highlights three altcoins that are attracting unprecedented attention from these influential investors: Fantom (FTM), Dogecoin (DOGE), and Optimism (OP).
Accumulating FTM: Is a Rally on the Horizon?
Fantom (FTM), the native token of the Layer-1 blockchain Fantom, emerged as a top target.
It seems that recent whale activity is linked not to price speculation, but to the upcoming transition to Sonic. Scheduled for December 1st, the Selenium snapshot already signifies growing momentum.
According to on-chain analytics platform Santiment, wallets holding 1-10 million FTM increased from 202 million to 208.74 million between November 24th and 29th,
a clear indication of substantial accumulation. If this trend continues, FTM could surge towards $2. However, price slippage is possible if whales decide against further investment.
Dogecoin Catches the Whale Update Douglas
Dogecoin (DOGE) continues to draw significant whale attention, mirroring trends common in recent months.
ITB presents the flow of DOGE by large holders has increased considerably, potentially driven by риска
Traditional. Data from IntoTheBlock reveals a substantial inflow of holders, indicating whales are actively accumulating.
Had they opted to continue accumulating, Dogecoin’s price would likely trending upwards throughout December. Yet, any shifts in whale activity could lead to dips in this lunar market.
Optimism Gains Traction Amidst ETH Sentiment
Optimism (OP), a Layer-2 solution built on Ethereum, attracts whale attention yet again. While no major developments are currently underway, the increasing price
Experienced substantial growth, coincides with the broader bullish sentiment surrounding Ethereum, suggesting
OP’s
Current price:
Is reflecting the bullish sentiment around Ethereum. Whales seem to anticipating a rally – reaching as high as $4, prior to join the party.
It is worth noting, that this upward momentum might not sustain if whales decide to pull back, potentially causing a drop below $2 area.
What are the potential reasons behind this whale activity in these specific altcoins?
## Crypto Whales Cast Their Eyes on Altcoins: An Interview
**Host:** Welcome back to the show. Today, we’re diving into the world of cryptocurrency with a look at which altcoins are attracting the attention of those big players – the crypto whales. Joining me to shed some light on this is crypto analyst, [Guest Name]. Welcome to the show.
**Guest:** Thanks for having me.
**Host:** So, the talk on the street is about Fantom, Dogecoin, and Optimism being targeted by whales this December. Can you tell us more about what’s driving this interest?
**Guest:** Absolutely. We’re seeing significant accumulation of these tokens by whales, suggesting they see real potential for growth.
**Fantom (FTM), for example,** is likely attracting attention due to its upcoming transition to a more energy-efficient consensus mechanism. Whales often invest strategically, anticipating impactful developments like this. [[1](https://bravenewcoin.com/insights/which-altcoins-are-crypto-whales-purchasing-post-election-solana-jetbolt-kaspa-and-xrp)].
**Dogecoin (DOGE)**, despite its meme origins, has a strong and dedicated community, and its recent integration into Elon Musk’s X platform could be attracting whales looking to capitalize on its potential growth.
**Optimism (OP)** is another interesting case. It’s a Layer-2 scaling solution for Ethereum, and with Ethereum gas fees remaining high, solutions like Optimism become more attractive. Whales are likely betting on its potential to gain wider adoption as Ethereum scalability remains a key issue.
**Host:** That’s fascinating. These are certainly some diverse projects, each with its unique appeal to whales.
**Guest:** Precisely. It highlights the diversity of the market and the differing strategies whales employ. Some are looking for long-term growth, while others might be focused on short-term gains.
**Host:** What are your thoughts on the potential impact of this whale activity on the prices of these altcoins?
**Guest:** It’s hard to say for certain, but historically, large-scale accumulation by whales can precede significant price movements. That said, it’s important to remember that the crypto market is volatile, and many other factors influence price fluctuations.
**Host:** Thank you for sharing your insights with us, [Guest Name]. This is definitely something to keep an eye on as we head into December.