Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,308)
  • Analysis (1,499)
  • Bitcoin (2,080)
  • Blockchain (1,205)
  • DeFi (1,423)
  • Ethereum (1,440)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,466)
  • Press Releases (1)
  • Reddit (732)
  • Regulation (1,369)
  • Security (1,972)
  • Thought Leadership (2)
  • Uncategorized (1)
  • Videos (41)
Hand picked
  • Ethereum recovers the pivot level – keys resistance around $ 2,650
  • Meta’s Bitcoin treasury play flops as 99% of shareholders say no
  • Solana’s Pump.fun provides for a sale of $ 1 billion tokens, blockworks said
  • Blockchain to the ZK Altcoin Lagrange (the) ZK is lifted after the announcement of the new Coinbase support
  • Uber signals interest in stablescoins to rationalize global payments
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Bitcoin»Large FET trades surged 172.7% over the past day
Bitcoin

Large FET trades surged 172.7% over the past day

November 12, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Gladys Fet 1000x600.webp.webp
Share
Facebook Twitter LinkedIn Pinterest Email


  • Large FET transactions surged 172.7% over the past day.
  • The altcoin has surged 32.68% over the past week.

Over the past week, the crypto market has seen an explosive resurgence, with Bitcoin (BTC) hitting a new ATH of $81,000. With this rise, most altcoins followed suit, seeing significant gains on the price charts and considerable growth in on-chain activity.

One such altcoin was the AI-themed Artificial Superintelligence Alliance (FET), which saw exponential growth. One area where FET has seen such growth is active addresses and large transactions.

Large Transactions and Active FET Addresses Skyrocket

According to IntoTheBlock analysis by AMBCrypto, FET has seen an increase in large transactions. The altcoin saw a 172.7% increase in large transactions, from 33 to 90 in the last 24 hours.

In context, large transactions are those valued at $100,000 and above. This implied that large holders and whales were actively engaged in the altcoin and accumulating. Such a trend indicates increased demand, interest and adoption.

Source: In the block

This interest in AI-coin was notably demonstrated by the fact that active addresses jumped 142.4% over the last week and 44.02% over the last 24 hours.

When active addresses and large transactions increase like this, it shows that the current price rise is driven by market fundamentals, with the market experiencing upward momentum and not simple speculative investments.

Source: In the block

The above positive momentum was further supported by positive net flow from large holders, indicating that there were more large holders accumulating the altcoin than those selling it.

Impacts on price charts?

As observed above, FET was building strong bullish momentum supported by large holders and other retail traders. In fact, at the time of writing, FET was trading at $1.50. This represents an increase of 1.20% in 24 hours.

Additionally, the altcoin surged 32.68% in 7 days. This uptrend has extended by 3.78% on the monthly charts.


Read Artificial Superintelligence Alliance (FET) Price Forecast 2024-2025


The recent rise suggests that the increase in whale activity and active addresses has had an immediate impact on the FET price charts. As a result, these conditions position the altcoin for further gains on the price charts.

So, if this bullish sentiment remains constant, FET could finally attempt $1.7 resistance where it has faced several rejections.

Next: Schiff says ‘Bitcoin promoters have corrupted many’ as BTC surpasses $82,000



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAnalyst Predicts Massive Rallies for Two Under-the-Radar Altcoins – Here Are His Targets
Next Article Announcement of the London Testnets | Ethereum Foundation Blog

Related Posts

Bitcoin

Solana’s Pump.fun provides for a sale of $ 1 billion tokens, blockworks said

June 6, 2025
Bitcoin

Will Zora take off, up 30% in 3 days: Will their creator pivot pay?

June 6, 2025
Bitcoin

Bitcoin hash ribbons flash a purchase signal – long -term sissing of opportunity

June 5, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

Event

Kenya to Host Africa’s Leading Blockchain & Crypto Conference in June 2025 

May 30, 2025

Nairobi, Kenya – May 2025 — Africa’s rapidly evolving blockchain ecosystem will take center stage…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Blockchain to the ZK Altcoin Lagrange (the) ZK is lifted after the announcement of the new Coinbase support

June 6, 2025

The South Korean parliament “ready to approve the tokenized securities bill”

June 6, 2025

ChainLink Whale sends a 403K link to Binance – Crash Award?

June 5, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 103,539.74
ethereum
Ethereum (ETH) $ 2,462.53
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 642.24
solana
Solana (SOL) $ 147.73
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.175368
tron
TRON (TRX) $ 0.276342
cardano
Cardano (ADA) $ 0.640083