a senior crypto- Deep-pocketed whales have been hoarding an Ethereum (ETH)-based token that has soared in the past three months, the analytics firm says.
According to Santiment, decentralized oracle protocol tellorTraders holding 1,000 to 100,000 tokens of (TRB) own 46% of the asset’s total supply, up from just 31% seven weeks ago.
Wealthy buyers have been accumulating TRB as the token’s value has jumped from less than $15 in September to its current price of $134.
“Tellor continues to be a force in crypto. It rose as high as $131 today, approaching its May 2021 all-time high. The asset gained 1,025% in three months, is currently ranked 112th in the market cap rankings, and the 1,000-100,000 TRB wallet has accumulated 15% of the supply in seven weeks.”
Santiment said indexing protocol The Graph (GRT) also saw the highest whale activity since February, with 149 transactions over $100,000 each and another 620 wallets added as of November 6. says.
“The chart has almost doubled since October 19. There was a huge whale movement and new addresses were created. “To determine whether an uptrend can continue, a downward movement of the average dollar age line (as is the case for GRT) is often confirmation.”
Santiment also reveals the crypto assets investors are currently interested in based on trending keywords. These include Middle East-based Chain X Game’s Revolution Land (REVO) and Ordi (ORDI), the first BRC-20 token on the Bitcoin blockchain and now tradable on the world’s largest crypto exchange.