Follow the Whales š³
Here are examples of the uptick in whale movement.. the trend is your friend..
Crypto and bitcoin may be down on the yearā¦ but institutional interest and investment are higher than ever. According to Candace Browning, head of global research at Bank of America Securities, the number of executives mentioning crypto in earnings calls rose from 17 in 2021ā¦ to about 147 in just the most recent quarter. At the same time, crypto companies are raking in funding hand over fistā¦
Just look at whatās happened in the crypto space in the first month of 2022:
Digital-asset custodian Fireblocks raised $550 million.
London-based venture capital (VC) firm Blossom Capital raised $432 million to invest in crypto and European tech startups.
Crypto exchange FTX.US raised $400 million in outside capital at a valuation of $8 billion.
Hong Kong-based metaverse startup Animoca Brands raised $360 million.
NFT marketplace OpenSea raised $300 million in new venture capital.
Privacy-focused blockchain Secret Network raised $225 million for an ecosystem fund and $175 million for an accelerator pool.
Blockdaemon, an institutional-grade blockchain infrastructure company, closed a Series C funding round of $207 million.
All-star quarterback Tom Bradyās NFT platform, Autograph, raised $170 million.
The Near Foundation, developers of the eponymous blockchain, announced a $150 million private token funding round.
Swiss crypto bank SEBA raised $119 million.
Crypto asset software and data provider Lukka closed a $110 million funding round.
Bahrain-based crypto exchange Rain Financial raised $110 million.
Crypto services startup Zero Hash raised $105 million.
This bakerās dozen raised over $100 million each in one month. Thatās on top of another 50-plus announcements of crypto-related funding in January alone. And itās not like January started the party. In 2021, Galaxy Digital reported VCs invested more than $33 billion into crypto and blockchain startups. A record high. A good chunk of these investment dollars comes from major VCs, like Andreessen Horowitz, Coatue Management, Kleiner Perkins, Sequoia, Softbank, and Tiger Globalā¦
The ābig moneyā is backing crypto like never before!!!
So Baller U!
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