these three altcoins could rise. The cryptocurrency market had a disappointing February, with many altcoins experiencing sharp declines. However, large investors, or whales, have been buying particular cryptocurrencies, pointing to a possible price increase in March. Which altcoins are seeing more activity from whales? Let’s look at it. 

 

Whales are interested in Litecoin (LTC)

 

 Litecoin (LTC) has emerged as whales’ go-to cryptocurrency. LTC has only lost 7% over the past week, while many other altcoins experienced losses of double digits, despite the overall market decline. Analysts attribute this buying pressure to speculation about a possible LTC ETF approval.  According to IntoTheBlock data, large investors’ holdings have increased by 233,280 LTC, indicating substantial accumulation. Litecoin may be one of the first altcoins to recover in March if this pattern continues. However, if whales begin to sell, the price of LTC may experience yet another decline. 

 

Uniswap (UNI) Sees Increased Accumulation

 Uniswap (UNI) is another altcoin that is getting whale attention. The decentralized finance (DeFi) project recently made headlines after the SEC dropped its investigation into the protocol.  Nevertheless, UNI did not experience a significant price increase. Still, Santiment data shows that wallets with 10 million to 100 million UNI in them have increased their balances to 110.88 million UNI, or about $750 million in assets. If this accumulation of whales continues, it may assist in eradicating February’s 22% loss. However, a drop in demand might push UNI’s price below $6.

 Recovery of Optimism (OP) from Lows 

The Ethereum-based layer-2 solution Optimism (OP) is also getting whales’ attention. Since the start of the year, OP has struggled, dropping by 40%, which has caused many investors to lose faith. Large players, on the other hand, have been buying the dip. According to IntoTheBlock, whale activity in OP has surged, with 2.53 million coins accumulated.  This suggests that selling pressure prevails over buying pressure. The price of OP could rise to $2 if the current trend continues. On the other hand, OP could fall below $1 if interest wanes. These altcoins may be worth keeping an eye on as March progresses, particularly if whale activity continues to be high. Keep an eye on Dey There for additional updates and expert commentary.