Whales Shift Focus to $TMC: Major Investments Signal New Targets in the Memecoin Market

In the quickly changing world of cryptocurrency, where price oscillations and speculative trading rule, big-name whales have started to direct their capital toward fresh opportunities.

Their latest focus seems to be $TMC, a memecoin created by Travis Cline, a software-development veteran with 16 years under his belt. In the past six hours, two addresses belonging to whales have plunked down $900,000 into $TMC, making them the third and fourth largest holders of the token.

Early indicators suggest a promising future for $TMC, but it has a hard time maintaining stability. Its market cap today has swung from a high of $36.9 million this morning to a recent low of $14.1 million. But this isn’t stopping some big players from taking positions. After all, the price is low, and the potential seems high, so why not gamble?

In the last six hours, attention has been drawn to two leading whale addresses for their aggressive accumulation of $TMC tokens. These addresses are known for their profitable trading in memecoins and AI-related tokens, which makes their recent moves seem especially interesting and potentially predictive of future market trends.

Address 1: 9QbKG…2jGwF

The address holding the third-largest amount of $TMC, 9QbKG…2jGwF, has recorded over $1.2 million in profits from trades involving $SWARMS, $BUZZ, and $ARC. This address invested $510,000 to purchase 23.06 million $TMC tokens at an average price of $0.02214.

This whale, in a sign of confidence in $TMC’s potential, kept on buying the token even as its price dipped. But now, at least on paper, the address is down $173,000 on the trades—though it has a history of making profitable moves.

Address 2: AHw7K…dgUUc

The fourth-largest holder of $TMC, with an address of AHw7K…dgUUc, has an even more impressive track record, with profits of $1.81 million from trades in tokens like AI16Z. In the past six hours, this whale has invested $389,000 in $TMC, acquiring 18.93 million tokens at an average price of $0.02056.

At present, this location is dealing with a temporary loss of $115,000, but similar to its counterpart, it seems to be setting itself up for a possible next-in-line market recovery.

$TMC is a memecoin launched by Travis Cline, a developer who’s made quite a name for himself in the tech world. Cline has 16 years in the game and, with 1.5K followers, a pretty solid presence on GitHub. When it comes to the project’s credibility, that’s a pretty good baseline.

Crypto aficionados are attracted to the token because of its association with an experienced developer and its speculative potential. Earlier today, $TMC achieved a market capitalization of $36.9 million, spurred on by increased trading activity and whale accumulation. However, it has since retraced to $14.1 million, making the token an excellent example of the volatility we see in new altcoins.

Whales are getting involved with $TMC, just like they do with everything else in the crypto market. When big players enter the market, they do so with the intention of influencing price movements in their favor so that they can realize substantial returns. Both 9QbKG…2jGwF and AHw7K…dgUUc have a history of backing speculative tokens that pay off in the price appreciation of said tokens. Whether by direct involvement or by setting an example for others to follow, these malevolent whale forces could be getting ready to do bad things to the $TMC price chart.

Yet, the investments run the risk of fluctuation like any other. As of now, the two whales are $173,000 and $115,000 in the red, respectively—a situation more reminiscent of 2022 than 2023. The $TMC accumulation does not look like a group of individuals either, just a pair of whales taking a long position.

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