Crypto Whales Accumulate $346.5M Worth of This Layer-1 Altcoin, Top Analyst Says, Predicts Dogecoin (DOGE) and Ethereum (ETH) Will Rally

Crypto strategist Ali Martinez tells his 66,200 followers on the social media platform top-10 altcoin, indicating potential buying activity from whales.

According to Martinez, the 谛天jin农币 (TON) layer-1 blockchain has seen deep-pocketed investors accumulating vast amounts of the native token, Toncoin (TON). In a recent statement, the analyst highlighted the following:

“Whales have acquired more than 45 million Toncoin in the past week, which is valued at approximately $346.5 million!”

At the time of writing, Toncoin is valued at $7.77, showcasing an increase of almost 2% over the last 24 hours.

The analyst went on to say that the Tom DeMark (TD) Sequential Indicator is an indicator used by traders to determine potential reversal points in an asset. It states that it heralds a rise in Dogecoin (DOGE), a major meme coin.

“TD Sequential has a buy signal on the 3-day chart of DOGE and is predicting a rise of 1-4 candlesticks in DOGE!”

DOGE is trading at $0.123 at the time of writing and has historically It has fallen about 3% in 24 hours.

Finally, analysts suggest that the TD Sequential Indicator is also bullish on Ethereum (ETH).

“TD Sequential has a buy signal on the 3-day chart of ETH and predicts a rise of 1 to 4 candlesticks in ETH!”

Ethereum is trading at $3,448 at the time of writing, with a daily It has fallen by 1.62%.

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