According to on-chain analytics firms Polygon (MATIC), Dogecoin (DOGE) and Shiba Inu (SHIB) a number of huge altcoin whales are making purchases of the million. Later in the article, we take a look at the on-chain activities of whales and their impact on the price of tokens. Let’s start with IntoTheBlock data…
Whales loot DOGE, SHIB and MATIC!
According to IntoTheBlock analytics, Dogecoin’s large transactions have increased by up to 148% in the last 24 hours. The “large” transactions tracked by the firm focus on on-chain transactions over $100,000. This indicator shows the volume of such “large” transactions per day. It is also an indicator of corporate activity or the trading of whales. Therefore, the 148% increase seen in the last 24 hours for Dogecoin could indicate a massive amount of whale trading.
cryptocoin.com As we reported, Dogecoin took off on Tuesday after Tesla CEO Elon Musk tweeted that the electric car maker would start accepting it as payment. Dogecoin surged 48% to highs of $0.228 before falling, according to TradingView data. Dogecoin is trading at $0.1728 at the time of writing.
Huge altcoin whale buys SHIB in chunks
The next Shiba Inu (SHIB) has seen 43 billion SHIB tokens passed over the whale address “0x69a9bd1808a215bb6861d4b3c1b684966d1d1c53” in the last two days, according to figures provided by Etherscan. The unnamed whale receives in pieces of 4.5 billion, 4 billion, 3 billion and 2 billion and sends it immediately. The whale currently has two billion Shiba Inu on its balance sheet. The processes are below:
Altcoin whale bought MATIC for $2 million!
Finally, Polygon (MATIC), cryptocoin.com As we reported, it found the support level after falling to $ 1,751 with a decrease of about 16% on December 13. The launch of the 1559-EIP testnet application to initiate the MATIC burn contributed to the buying sentiment. Besides, large investors took advantage of the drop to buy MATIC. According to WhaleStats, an Ethereum whale bought 1,007,525 MATIC worth $2,025,125. MATIC is also among the top 10 tokens purchased by whales in the last 24 hours.
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