In recent days, Bitcoin and altcoins have experienced a recovery, with the BTC price exceeding $ 102,000. While there has been a general rise in altcoins, this rise has also mobilized whales. At this point, cryptocurrency analysis company Santiment announced the 10 altcoins that experienced the highest increase in whale activity. “Among altcoins with a market cap of over $500 million, the projects that saw the biggest increase in whale transactions this week are: 1) Maker DAO – DAI (BNB): +800% 2)Dexe Network – DEXE: +250% 3)Layer Zero – ZRO (Optimism): +200% 4)Aave – AAVE (Polygon): +200% 5) Maker DAO – DAI (Arbitrum): +182% 6)Telcoin – TEL : +100% 7)Gate token – GT : +100% 8)Ripple – XRP : +81% 9)Maker DAO – DAI (Polygon): +182% 10)Ondo Finance – ONDO : +59%” Samtiment lastly stated that the current price trend reversal in altcoins, which are generally seeing increased whale activity, is very likely to occur as whales are usually more active during times of profit taking (selling) or dip buying. Santiment said that increased activity in stablecoins other than atcoins is usually a good sign that a large amount of funds are being prepared to swap that stablecoin for the altcoins it is widely used for. ” For example, increasing activity in Dai (shown 3 times in this list) is often a sign that ETH-based altcoins will be purchased in return.” https://twitter.com/santimentfeed/status/1880082499570663430 *This is not investment advice. Continue Reading: Santiment Reveals 10 Altcoins That Whales Are Flocking To As Bitcoin (BTC) Rises!
ETP: Exchange-traded patience
