Crypto analytics firm Santiment has revealed that whales are Ethereum-based in new on-chain data. Rocketpool (RPL) specifically determined its effects. According to the data, whales contributed greatly to the peak price of the RPL token.
Rocketpool price peaked above $61, while whales were able to make the most of this peak price.
Why Did Whales Accumulate Rocketpool?
Koinfinans.com As we reported, Rocketpool is a liquid staking protocol that allows Ethereum holders to stake their coins without having the 32 ETH normally required to be a validator.
centimeter, RPL tokenrecorded the second-highest transaction amount exceeding $100,000, while reaching all-time highs. stated.
Rocketpool whales managed to predict the peak perfectly, taking profits just after the token’s all-time high of $61.87. 70 transactions of $100,000 or more were the second largest after 111 RPL transfers recorded on November 8, 2021 at the then all-time high of $59.47.
At the time of the news, the RPL token recorded its peak price and dropped to $ 46.85.
centiment He also shared analysis on the meme coin craze that resulted in the explosion of PEPE, BABYDOGE, and other cryptocurrencies last week. According to the analysis firm, the recent rise of keywords like Pepe, Babydoge and Bobo on social media indicates that the crypto markets are getting ready to take a breather.
You can follow the current price action here.