Audiera climbed sharply, hitting a six-week peak of $4.72 after defending the $2.4 support level earlier this month. The altcoin erased all losses from July as it gained more than 17% in a single day, trading near $4.63 by the latest count.
Market capitalization jumped 25% to $1.5 billion, reflecting a strong inflow of capital. These gains come amid significant accumulation by whales, who have been actively buying and holding BEAT tokens. Data from NTSchain showed that on July 30th, whales snapped up $25 million worth of BEAT. This buying spree continued with over 2.4 million tokens taken off exchanges on July 31st, according to OxInchain.
Entering August, whale purchasing remains solid. A fresh wallet withdrew 500,000 BEAT, valued above $2 million, from Gate, based on Nazoku’s report. Such consistent demand from large holders hints that high-net-worth investors are confident in Audiera’s potential, pushing prices higher despite a noticeable absence of retail participation.
Spot trading data aligns with this trend. Audiera’s Spot Netflow has been negative for four straight days, standing at -$102,000, which indicates substantial outflows and reduced circulating supply. This scarcity often precedes further price advances. Meanwhile, retail investors appear hesitant, largely watching from the sidelines while whales set the pace.
Technical indicators support this bullish momentum. The Aroon Up indicator hit 100%, signaling consistent higher highs, while the Aroon Down dropped to 21%. The MACD continues its upward path with a reading of 0.39. Together, these suggest the rally could sustain as long as whale demand stays strong.
