GRT: SmartWhale is accumulating (2024.03.27)

[MrSpasybo]

I - Onchain data from 52Hz Onchain (in Vietnamese)
I translated the 52Hz Onchain's post from Vietnamese to English, with refinements and explanations of crypto market slangs. I will present text + images so we can view, quote and discuss more easily. I think this is better than sending a simple link.

SmartWhale has withdrawn 6.3M GRT ($2.5M) from Binance, bringing the total amount they have accumulated to 9.3M GRT ($3.6M) ^[1].

In the past, they have accumulated a large amount of LINK at a low price and sent a small amount to CEXs when the price increases. Currently, they are still holding 1M LINK ($19M) from accumulating at the $8 and $14 price zone.

For GRT: the last time they accumulated in the $0.1 price zone, compared to now, they have made a profit of x3-x5, but there has been no movement to move any tokens. Instead, they are accumulating more in the largest amount ever, perhaps this SmartWhale expects GRT to continue to grow strongly in the near future.

II - Technical analysis (Weekly chart)

Currently, the GRT price has broken and crossed the Weekly EMA34 (Sonic R) and Kumo Cloud (Ichimoku), confirming the trend reversal from bearish to bullish. Bullrun and whale manipulation could soon push the GRT price to a new ATH.

[1] Money Flow

[KryptoBull]

SmartWhale has withdrawn 6.3M GRT ($2.5M) from Binance, bringing the total amount they have accumulated to 9.3M GRT ($3.6M) ^[1].

It's been a long time since I heard about GRT. It was a pump and dump last season when it was considered the Google of the Web3 trend. Now that it's being accumulated by whales, it's also good news for investors. I wish those who hold GRT will have big profits in the next season, when the Web3 trend comes back and helps tokens in this trend grow together strongly. The GRT community is also really big and they have diamond hands, this will be the time when they will be really happy if they have DCA many GRT tokens at the bottom, now it has already x7.

[Trongduy]

SmartWhale has withdrawn 6.3M GRT ($2.5M) from Binance, bringing the total amount they have accumulated to 9.3M GRT ($3.6M) ^[1].

In the past, they have accumulated a large amount of LINK at a low price and sent a small amount to CEXs when the price increases. Currently, they are still holding 1M LINK ($19M) from accumulating at the $8 and $14 price zone.

GTR token price has increased quite strongly, so those who are holding this token are probably making big profits. Last season, GRT was quite popular in the web3 trend but failed to create a new ATH at the end of 2021. During the crypto winter, GRT also fell about 50 times. Now that it has returned to its previous peak, it is considered a 50x from the bottom. If the whales are accumulating, those who are holding should hold on tight because they are already in profit. In 2025, when the whales sell, holders can sell with them.

[yhiaali3]

Thank you for your effort in providing these important indicators on Chain Data.

Of course, tracking the accumulation of Altcoin by whales is one of the most important methods for understanding what is happening in the market and gives an indication of the whales’ next step. The accumulation of any coin by whales means that there is an expected pumping of the coin soon.

GRT is among a number of tokens that I expected good growth during the coming period through my follow-ups, and now its collection by whales gives a more powerful indicator.

[MrSpasybo]

Thank you for your effort in providing these important indicators on Chain Data.

Of course, tracking the accumulation of Altcoin by whales is one of the most important methods for understanding what is happening in the market and gives an indication of the whales’ next step. The accumulation of any coin by whales means that there is an expected pumping of the coin soon.

GRT is among a number of tokens that I expected good growth during the coming period through my follow-ups, and now its collection by whales gives a more powerful indicator.

I was also quite interested in GRT in the previous cycle but did not invest. Now when GRT has increased in price quite well, I noticed it and saw that it has broken out of the accumulation zone, and it has also been chosen by whales to accumulate and pump, which is quite interesting. I don't have GRT in portfolio but want to update the onchain data for tokens, it is a part of my work to follow onchain analysis methods. I personally believe that it is not difficult for GRT to create a new ATH in this cycle because the Graph project is very potential.

[Crwth]

Finding coins like this is good in terms of buying because it could raise prices and hopefully, we are in the right place at the right time. It's already fitting to have someone HODL and maybe in the halving, this could be affected and we raise in prices for all crypto, you know?

[MrSpasybo]

Finding coins like this is good in terms of buying because it could raise prices and hopefully, we are in the right place at the right time. It's already fitting to have someone HODL and maybe in the halving, this could be affected and we raise in prices for all crypto, you know?

Well, I don't dare to conclude anything, I just dare to expect that GRT will not disappoint the holders. The Graph is a good project with potential solutions and big customers, I think it is one of the first projects that we will remember when referring to Web3-trend. Currently, onchain data shows that whales are accumulating GRT, which suggests that GRT is likely to be pumped in this cycle, reaching a higher price range and bringing profits to investors. I hope this will happen by the end of this year or early next year, when the bullrun drives the price increase of many tokens in the market.