Whale Activity Spikes Across Three Altcoins
November started with notable whale movements across several cryptocurrency tokens. Major investors appear to be positioning themselves in Railgun, Aster, and Pump.fun, suggesting these projects might see increased attention this month.
What’s interesting is how the accumulation patterns differ. Some whales are buying heavily in short bursts, while others are building positions more gradually over time. This mixed approach might indicate different strategies or risk appetites among the larger players.
Railgun Sees Strong Privacy Token Demand
Railgun, a privacy-focused Ethereum token, has drawn significant whale attention since October 31st. In just 24 hours, whale holdings increased by 30%, rising from approximately 185,000 RAIL to 242,500 RAIL. That represents about 56,000 additional tokens, valued at nearly $220,000.
The price action seems to support this accumulation. RAIL surged over 40% during the same period, and technical indicators show bullish momentum developing. The 20-period EMA has crossed above the 50 EMA on the 4-hour chart, which traders often interpret as a positive signal.
Exchange reserves dropped 15.67%, suggesting fewer tokens are being sent to exchanges for potential sale. This combination of rising whale holdings and decreasing exchange supply typically indicates accumulation rather than distribution.
Aster Positioned for Potential Breakout
Aster, a decentralized exchange built on BNB Chain, has also attracted whale interest after a relatively quiet October. Whale holdings increased by 11.98% in the past day, adding nearly 2.33 million tokens worth around $2.3 million.
The token is currently trading within what appears to be a pennant pattern, which often precedes significant price movements. A breakout above $1.06 could signal further upside potential, while a drop below $0.94 might invalidate the current setup.
What’s notable is that even top 100 addresses, representing the largest holders, showed small increases in their positions. This suggests accumulation across multiple wallet sizes rather than just mid-sized investors.
Pump.fun Builds SocialFi Momentum
Pump.fun, a SocialFi project on Solana that enables meme coin creation, has seen steady whale accumulation over the past week. Whale balances have risen 11.84%, adding approximately 1.81 billion tokens worth close to $8.1 million.
Unlike the other tokens, Pump.fun’s whale activity has been more gradual, building over seven days rather than spiking in 24 hours. The token is up 10% over the past week and nearly 5% in the last day, indicating whales are buying into strength rather than waiting for dips.
The technical setup shows a flag-and-pole pattern forming on the 12-hour chart, which could signal a pause before another potential breakout. A move above $0.0049 might confirm bullish momentum, with higher price targets coming into play.
Exchange balances have been steadily decreasing, another sign that purchased tokens are being moved to private wallets rather than held on exchanges for quick selling.
While whale activity doesn’t guarantee price appreciation, it often provides insight into where sophisticated investors see potential. The combination of technical setups and accumulation patterns across these three tokens suggests they might be worth watching as November progresses.
