Whale Activity Spikes Across Three Altcoins
Crypto whales have started November with significant accumulation across three specific tokens, signaling where major players see potential gains this month. The movement spans different sectors including privacy tokens, decentralized exchanges, and SocialFi projects, suggesting a diversified approach from large investors.
What’s interesting is how this activity began right at the month’s start, almost as if these whales had been waiting for the calendar to flip. Markets remain volatile, yet these players are increasing their positions rather than pulling back. It makes you wonder if they know something the broader market doesn’t, or if this is simply strategic positioning based on technical setups.
Railgun Sees Strong Privacy Token Demand
Railgun (RAIL), the privacy-focused Ethereum token, has drawn particularly heavy whale activity. In just 24 hours, whale holdings jumped 30% from about 185,000 RAIL to 242,500 RAIL. That’s roughly 56,000 tokens added, worth nearly $220,000 at current prices.
The timing is notable – this accumulation started on October 31, right before November began. The price action seems to validate the whale movement, with RAIL surging over 40% during the same period. Smart money wallets, those addresses tied to consistently profitable traders, also increased their balances by 8.17%.
Exchange reserves dropped 15.67%, which is usually a good sign – fewer tokens being sent to exchanges typically means less selling pressure. The technical setup shows the 20-period EMA crossing above the 50 EMA on the 4-hour chart, confirming a shift toward bullish momentum. If the 50 EMA crosses above the 100 EMA, that could trigger another leg higher.
Aster Whales Position for DEX Breakout
Aster (ASTER), a decentralized exchange built on BNB Chain, has seen whale holdings increase by 11.98% in the past day. Whales added nearly 2.33 million tokens worth around $2.3 million, bringing their total stash to 21.77 million ASTER.
Even the top 100 addresses – the real mega whales – saw small but steady increases, suggesting accumulation across both large and mid-sized wallets. The token is up 7% in 24 hours despite being down about 10% for the week, which might indicate whales are positioning for a rebound.
Technically, ASTER is trading in a pennant-like pattern, often a precursor to strong directional moves. A close above $1.06 could signal a breakout toward $1.09 or even $1.22 if momentum builds. The setup looks promising, though a drop below $0.94 would invalidate it.
Pump.fun Accumulation Continues for Week
While Railgun and Aster saw recent spikes, whale accumulation of Pump.fun (PUMP) has been ongoing for a full week. Whale balances rose 11.84% over seven days, adding about 1.81 billion tokens worth close to $8.1 million.
Pump.fun, a SocialFi project on Solana that lets users create meme coins, has generated significant social buzz. The steady drop in exchange balances alongside the accumulation suggests conviction buying rather than short-term trading.
The token is forming a flag-and-pole pattern on the 12-hour chart, typically signaling a pause before another breakout. A move above $0.0049 could confirm bullish momentum with targets at $0.0053 and $0.0061. The pattern suggests potential for a 60% move if the breakout holds.
What stands out across all three tokens is the consistency of the narrative – whales accumulating while exchange reserves drop. It’s not just one whale making a move; it’s coordinated activity across multiple large players. Whether this foreshadows November gains remains to be seen, but the early positioning is certainly noteworthy.
