Which cryptocurrencies did the cunning whales bet on in September?

Against the backdrop of low volatility in the Bitcoin and Ethereum exchange rates, traders began to focus on other digital assets, so we decided to find out which coins the agile whales were buying in September.

During the first two weeks of autumn, wealthy traders were actively investing money in:

1. Ondo (ONDO);
2. Official Melania Meme (MELANIA);
3. MYX Finance (MYX).

Cryptocurrency Ondo, released by the same name DeFi, has attracted investor interest due to the growing popularity of tokenized assets offered on the platform. People who owned between $1 million and $10 million in ONDO coins have increased their token holdings by $23,8 million at the current rate. Thanks to this, ONDO has risen in price by 18% over the past week.

Growing Number of Ondos on Wealthy Traders’ Balance Sheets

The memecoin of US President Donald Trump’s wife Melania Official Melania Meme also came into the whales’ attention. The rich increased their coin reserves by almost 4% and thus pushed the token’s price by 6%. However, it is worth noting that buying MELANIA carries a high risk due to the fact that 81% of issued digital assets are stored in 100 crypto wallets, which allows the rich to easily manipulate the virtual currency rate.

Change in MELANIA stock on whale balance

The value of MYX Finance, created by cryptocurrency derivatives exchange MYX, has soared more than sevenfold in the past week, thanks to the digital asset being listed on major exchanges. The upward movement was significantly boosted by whales, each of whom invested at least $1 million in MYX.

Collectively, they have invested about $1,6 billion in the digital asset and have accumulated $9,7 billion worth of coins at the current price. But MYX, like MELANIA, is highly centralized, with the rich people who own 100 wallets owning 89% of the tokens.

Increase in the number of MYX coins in the crypto vaults of the rich

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