The first day of the month has already revealed where crypto whales are betting their November profits. Despite continued market volatility, major players across several tokens are increasing their positions.
What stands out is how whales are moving differently across sectors, from privacy tokens to decentralized exchanges and even SocialFi projects, suggesting early strength could surface this month.
Railgun (RAIL)
It looks like crypto whales are lined up behind the railgun (RAIL). This is one of the few tokens that is seeing strong accumulation in November with potential gains.
The privacy-focused Ethereum token, known for enabling shielded transactions, has been the cause of high whale activity since October 31, just before the start of the new moon.
In the past 24 hours alone, whale holdings have increased by 30%, from approximately 185,000 RAILs to 242,500 RAILs. So Whale has added about 56,000 RAIL, which is worth almost $220,000 at today’s prices. During the same period, RAIL’s price soared more than 40%.
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At the same time, the balance in smart money wallets (addresses associated with consistently profitable traders) increased by 8.17%. Exchange reserves decreased by 15.67%, indicating that fewer tokens are being sent to exchanges for sale.
Railgun Whales: Nansen
Taken together, these changes indicate that both whales and experienced traders are positioning themselves early for the possibility of a continued rally in November.
Railgun’s recent price structure supports this whale and smart money hypothesis. On the 4-hour chart, the 20-period EMA (which tracks short-term price direction) is already above the 50 EMA, confirming a transition to bullish momentum. The 50 EMA is now approaching the 100 EMA, suggesting that further crossovers could trigger the next stage of the rally.
If its “golden” crossover is completed, Railgun could target the key psychological level of $5.01 and then $6.79. However, $3.97 and $3.32 are important support areas and serve as a common rebound base after a rally.
RAIL Price Analysis: TradingView
A sustained move below $2.28 would invalidate this bullish structure and suggest a possible pause in whale accumulation. But for now, crypto whales seem confident that Railgun could be one of the standout bets for potential gains in November.
ASTER
The second token crypto whale likely to be eyeing potential gains in November is ASTER. It is a next-generation decentralized exchange (DEX) built on the BNB chain, offering both spot and perpetual trading across multiple chains. After a quiet week in October, Aster whales became active again in early November.
In the past 24 hours, Whale’s holdings increased by 11.98%, increasing its total holdings to 21.77 million ASTER. This means that the whale added around $2.33 million worth of tokens.
The top 100 addresses (the larger “mega whales”) also saw small but steady increases, with accumulations seen in both large and medium-sized wallets.
Star whale: Nansen
ASTER is up 7% in the past 24 hours, but is still down about 10% this week, suggesting the whales may be poised for an early rebound.
Price trends support that view. ASTER price is trading within a pennant-like pattern, a setup that often appears before a strong directional move. A 4-hour close above $1.06 would signal a breakout, and if momentum gains, the price could rise towards $1.09 or even $1.22.
However, the setting may be invalidated if it falls below $0.94 or $0.92, leaving room for the price to fall to $0.85. The lower pennant trendline has only two touchpoints, so it remains weak support.
ASTER Price Analysis: TradingView
Still, whales seem to be betting on a rally as ASTER approaches the breakout zone. Extending accumulation and tightening technical setups could make Aster one of the strongest crypto whales for November gains if a breakout is confirmed.
pump fan (pump)
While crypto whales have overtaken Railgun and Aster in the past 24 hours, the accumulation of Pump.fun (PUMP), a SocialFi project on Solana, has been quiet for a full week. Pump.fun allows users to easily create and launch meme coins on the Solana network. This is a trend that has generated a lot of social buzz and rapid rotation among small-cap traders.
In the past 7 days, Whale’s balance increased by 11.84%, bringing its total holdings to 17.13 billion PUMP. This means that the whale added approximately 1.81 billion tokens worth approximately $8.1 million.
This increase coincides with a steady decline in exchange balances. All of this indicates that most purchases are moving off-exchange. This is a classic sign of a confident purchase.
Pump whale in action: Nansen
PUMP is up 10% over the past week and nearly 5% over the past 24 hours. This shows that the whales are buying strength rather than weakening the rally.
On the 12-hour chart, PUMP price has formed a flag-and-pole pattern, which typically indicates a pause before another breakout in the same direction. The token tested both the upper and lower flag trend lines several times, typical of the consolidation of new assets with high price movements after a rally.
Pump Price Analysis: TradingView
A breakout above $0.0049 will confirm a bullish breakout and set short-term targets at $0.0053 and $0.0061. Based on Paul’s prediction, a complete breakout could push PUMP to $0.0078, indicating a 60% potential move.
If this momentum is strong, even the all-time high of $0.0088 could become a reality. If so, any price movement above $0.0095 will mark a new record.
For now, the whale appears to be at the forefront of the breakout, steadily gaining exposure as the market waits for confirmation. If the 12-hour PUMP price candlestick closes below $0.0041, the bullish trend loses its effect.
This Article: 3 Altcoin Crypto Whales Are Buying For Potential Profits In November. Originally published on BeInCrypto.