Bitcoin Surpasses $100K: Whale Activity Focused on Altcoin Investments

Recent market trends show a notable surge in Bitcoin (BTC), reaching a new high above $100,000 after a prolonged period of decline. This spike has coincided with impressive gains across various altcoins. Notably, Ethereum (ETH) saw especially strong performance, surpassing even the leading cryptocurrency. 24-hour on-chain data from Nansen reveals insights into whale investment activity during this surge. 💰 Nansen’s analysis shows that prominent investors have directed a significant portion of their capital towards specific altcoin investments today. Specifically, whales were heavily focused on purchasing WBTC, Chainlink (LINK), Ondo Finance (ONDO), LDO and PEPE, with these coins dominating the list of most purchased assets. 📈 Other notable altcoins like HYPER, VVV, FET, MKR, and NEIRO also attracted considerable attention from whale investors. While these are just a few examples of prominent investments, Nansen’s data reveals that WBTC emerged as the top-performing asset in terms of total investment volume during the last 24 hours with a significant inflow of $11.47 million. LINK secured second place with an inflow of $4.5 million, and ONDO followed closely with $3.2 million. Finally, LDO and PEPE experienced inflows of $1.36 million and $1.05 million respectively. 📈 **Disclaimer: This content is for informational purposes only and should not be construed as financial advice.**