- MicroStrategy continues to buy Bitcoin and adds 850 BTC to its portfolio.
- Investors have bought over 173 million NuggetRush tokens in the past few weeks.
- A mysterious Chainlink whale has snapped up more than 2.2 million LINK tokens.
MicroStrategy, one of the biggest Bitcoin proponents, continued its buying spree in 2024. Despite stiff competition from Bitcoin ETF issuers, the latest report shows that the tech company has accumulated 850 bitcoins.
Meanwhile, other top altcoins also witnessing a surge in whale activity are NugetRush (NUGX) and Chainlink. Let’s find out how these accumulation sprees are affecting the prices of these altcoins.
MicroStrategy Adss Additional 850 BTC To Its Portfolio
MicroStrategy, under Michael Saylor, has become one of the biggest corporate holders of Bitcoin (BTC). In 2023, the tech company snapped up 14,620 BTC. A recent report shows that the company has not slowed down in its accumulation of Bitcoin.
As per the report, MicroStrategy added 850 BCT, valued at $37.5 million, to its portfolio in January. Following its latest purchase, MicroStrategy now holds a staggering 190,000 BTC in its treasury, which is worth over $8.41 billion.
Bitcoin has also been on a recovery trajectory, recording a significant price pump in the past week. In that period, BTC increased by 7%, approaching the $45,000 level. Following the recent rise, Crypto Kid has highlighted the breakout, which makes BTC one of the best cryptos to buy now.
Investors Stack Over 173 Million NuggetRush (NUGX)
Similarly, NuggetRush (NUGX) has also seen a surge in whale accumulation. In the past few weeks, over 173 million NUGX tokens have been snapped up by crypto whales. The massive accumulation comes after an 80% price surge and in anticipation of the ERC20 coins embarking on a parabolic price surge in 2024.
The thrilling mining adventure virtual world of NuggetRush has drawn attention from the cryptocurrency community. In this game, users will engage in competition with mining companies and miners as they did during the gold rush.
In addition to competing, players can win prizes while looking for gold. The game has a variety of obstacles. These involve locating mineral deposits, digging tunnels and mining shafts, and employing the right excavating tools.
In order to help artisanal miners enhance their mining operations, NuggetRush will connect players with them. In addition, NuggetRush will issue rewards to these artisanal miners, making NUGX one of the best DeFi projects. The smart contracts of NUGX will also be renounced after launch, making it a community-centered project.
With the growing adoption and accumulation of NuggetRush, crypto experts have forecasted a major price surge for NUGX. Now priced at $0.018 per coin, experts have forecasted a 50x price surge for NuggetRush, making it one of the top DeFi coins to buy now.
Chainlink (LINK) Whale Snaps Up $42 Million LINK Tokens
A mysterious Chainlink (LINK) whale has reportedly snapped up LINK tokens worth over $42 million. The accumulation was discovered by blockchain analytics company Lookonchain, which tracked the transfer of 2,237,504 LINK tokens—worth $42.38 million.
Based on the report, the accumulation was done on the Binance exchange during the previous two days. The fact that these coins were dispersed to 47 recently established wallets indicates a purposeful and calculated endeavor that was exclusively LINK-focused.
The report comes amidst a surge in the price of LINK. Chainlink has been one of the best-performing altcoins, with a staggering increase of 20% over the past week.
The accumulation spree from whales is often a pointer towards an anticipation of a bull market. This means that the prices of BTC, LINK, and NUGX could soar over the next few weeks. However, with the predictions from analysts, NuggetRush appears to be the best crypto investment at this time.