Sui, Fantom Soar as Whales Buy More Bitcoin, What About New Altcoin BEST Token?

Sui and Fantom are soaring right now.

These cryptos are suddenly hot again, and some are pointing to renewed interest in the altcoin market as the reason.

Bitcoin whales are also getting in on the action, which could set the stage for big price swings in the year’s final weeks.

In the middle of all this, the new Best Wallet token has hit $2.5 million in presale – positioning itself as a high-potential play for 2025.

Sui and Fantom Explode – What’s Behind the Altcoin Surge?

SUI and FTM have been on fire in the past 24 hours.

They’ve been making serious gains, helping the broader crypto market flip green again.

SUI is now at $4.12, an 11% jump from Thursday morning.

The token was even up by 21% earlier today before pulling back slightly.

Since yesterday, tons of traders have been seeking exposure, pushing its spot trading volumes over $4 billion.

SUI’s market cap has also broken $12 billion.

Fantom is doing well too, now hovering around the $1.29 level.

That’s a 9% increase from Thursday, and almost $1 billion worth of FTM has been traded in the last 24 hours alone.

Nobody’s really sure why SUI and FTM are doing so well, given neither token has had any major news or announcements.

Their surges may simply be down to positive market sentiment.

Bitcoin Whale Buying Helps Fuel Altcoin Rally

Things in the altcoin market seem to heat up whenever large Bitcoin whales begin to make moves.

And there’s some serious BTC buying going on right now.

BlackRock’s Bitcoin Trust now holds $46.9 billion in Bitcoin, adding another 7,750 BTC earlier this week.

But they’re not alone since Marathon Digital Holdings also added to their BTC stash.

On-chain data shows that Marathon Digital(@MARAHoldings) acquired another 1,423 $BTC($139.5M) in the past 6 hours!

This comes after #MARA announced yesterday the closing of its second $850M convertible note offering, primarily aimed at purchasing #Bitcoin and partially… pic.twitter.com/t2sjjzhDNW

— Lookonchain (@lookonchain) December 6, 2024

One anonymous whale even scooped up 600 BTC (worth around $58 million) when the coin’s price dipped yesterday.

All of this Bitcoin buying is likely contributing to the positive market sentiment, especially for altcoins like Sui and Fantom.

It makes sense, though.

When big players start buying Bitcoin, it usually means they’re bullish on the entire crypto market, making others more comfortable investing in altcoins.

If the whales keep loading up on BTC, Sui and Fantom could keep benefiting from the bullish conditions.

Best Wallet Token Presale Takes Off & Hits $2.5M – What is Its Outlook for 2025?

All of this excitement around altcoins has people looking for the next big thing, and many eyes are on Best Wallet and its native BEST token.

The project’s presale is gaining traction, having now raised over $2.5 million – with hundreds of thousands rolling in each day.

Early investors can still grab BEST tokens for just $0.022975, which a lot of people think is a steal.

Even big names like Austin Hilton are urging their followers to get involved.

I am blown away by what @BestWalletHQ has built for us #crypto holders!

BEST WALLET – Presale https://t.co/HF2MURQ2mP pic.twitter.com/g5fsAguceN

— Austin Hilton (@austinahilton) November 30, 2024

So, why all the excitement around Best Wallet?

The main reason is that it takes a different approach from the established wallet apps like MetaMask.

Best Wallet works with over 60 blockchains, has its own built-in DEX, and even a custom staking app for the BEST token.

This staking app currently offers annual yields of 1,265%.

And if that wasn’t enough, the team has made Best Wallet extremely easy to use, regardless of whether you’re a crypto veteran or just starting out.

Looking ahead, Best Wallet’s team has big plans, like adding an NFT gallery and launching a crypto debit card.

The project’s whitepaper even mentions providing derivatives trading options.

So, as more people look for easy ways to manage their crypto, Best Wallet could be well-positioned to meet some of this demand.

That’s why the BEST token might be one to watch for 2025.

Visit Best Wallet Token Presale

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