As the crypto market grapples with heightened volatility, Aave (AAVE) and Fantom (FTM) experience a noticeable slowdown in growth and adoption. As a result, savvy whale investors covertly invest in a lesser-known altcoin with promising potential. With the actions of these whales gaining traction, market players are curious to know why whales chose this under-the-radar cryptocurrency.
Here’s why whales buy these hidden gems as AAVE and FTM stumble.
Sonic Scales Temperature Check For Aave v3 Launch
Sonic, the new Fantom, has passed the temperature test necessary to move on with Aave v3’s launch in its protocol. The temperature check is the first stage that a network must pass before integrating into another blockchain.
The proposal to launch Aave v3 on Sonic reached a consensus on December 27, 2024, as members of the Aave community extended support towards this initiative. The consensus allowed the network to release the Aave Improvement Proposal, which was the final proposal that needed to pass before Aave v3 could go live on Sonic.
Aave v3 on Sonic will enable users to access on-chain native credit lines and provide liquidity to outsiders. With Sonic able to process 10,000 transactions per second, the layer-1 network will attract Web3 developers across the globe, including within the Aave network.
Although Aave is a leader in the decentralized lending market, the current market situation has significantly hampered its growth. With Aave down 16.47% to $315 in a week, whales are switching over to INTL.
Whale Buys 3.2 Million FTM Ahead Of Sonic Transition
A crypto whale has recently bought 2.82 million FTM worth $2.2 million from Binance, sending the tokens to an external wallet. This acquisition comes as the network prepares to transition from Fantom to Sonic in early 2025.
According to available data, this is not the first time this investor has interacted with FTM. Three years ago, the same whale bought FTM, upping their current balance to 3.2 million FTM.
Fantom’s imminent upgrade and rebranding has received notable support from several crypto exchanges, including Binance. Binance announced last week that it would support Fantom through this process.
On January 13, 03:00 UTC, the exchange will delist FTM pairs from its exchange and list the new S pairs at 08:00 UTC on January 16, including S/BTC, S/USDT, S/ETH, S/USDC, et al. FTM dropped 28.95% despite the inbound upgrade, lowering its market value to $0.69.
Whales Secretly Accumulate IntelMarkets’ Native Token: Here’s Why
Recent developments have revealed that whale investors are substantially accumulating IntelMarkets’ native token INTL as the rest of the market collapses. This is because INTL has demonstrated immunity to the downturn plaguing the market, trending higher than its peers.
IntelMarkets is an upcoming trading platform that seeks to redefine leverage trading. By offering up to 1,000X leverages, traders can maximize even the slightest price move to accrue massive gains.
The exchange operates within a dual-chain ecosystem that backs Ethereum and Solana, leveraging their capabilities to offer users the best experiences. Some of the perks this combined chain approach affords the platform include cost-effectiveness, speed, access to liquidity pools, and decentralization.
As an integral part of IntelMarkets, INTL will allow users to access AI-powered tools like trading robots to enhance their performances and the Intell-M Channel analytic tool to generate clear trading signals. With INTL still in its presale, investors can buy the token before it blows up.
INTL Set To Make Investors Rich Despite Market Slump
Although many investors have made massive profits because they bought INTL early, the token offers new investors a chance to join the train before it ultimately leaves the public presale station. While investors in other cryptocurrencies become poorer due to the dip, INTL investors are set to get richer as the token gears up for a rally.
Savvy investors are already buying the token at its current price of $0.07 for a 50% profit when it goes live on exchanges at $0.11. Those who joined early would have made 1,100% gains by then.
However, after its exchange debut, INTL is expected to skyrocket a hundred-fold or more, making it one of the best altcoins to invest in. To be a part of this, buy INTL now!
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