Smart Money—Smart money (known as market wolves, investors with not only capital but also knowledge and experience) cryptocurrency whales are scavenging three digital assets while selling the other three, according to crypto insight firm Santiment.
Santiment tells 120,200 Twitter followers that whales have increased 41 percent in the last two months. Crypto.com Coin (CRO) He says he bought it.
CRO is the cryptocurrency that powers the Crypto.com payment, trading and financial services platform. Santiment defines whales as entities holding 100,000 to 10 million CRO tokens.
In a newly published report, Santiment; says the whales, along with the CRO, have bought UMA, a platform that allows developers to create Ethereum-based tokens that can track the price of synthetic assets or anything.
Uma has lost 53 percent since its domestic peak six weeks ago. However, key key stakeholders of the ETH-based project continued to add more to their bags. When such a price drop occurs, but big money holders continue to ADD 2.3 percent more tokens to their purse, this is a promising sign that it may rise as the markets begin to turn positive.”
A decentralized crypto exchange Uniswap (UNI)is another altcoin hoarded by whales. According to Santiment, despite UNI’s weak price action, assets holding 10,000 to one million UNI coins continue to add to their altcoin stacks.
“Uniswap is one of the key DeFi (decentralized finance) projects that saw a really big spike in the first half of 2021, but fell in the second. Although experiencing correction, large addresses only have the amount of coins held in December. increasing by 4.1 percent.continues to add more coins to their bags.”
Besides the accumulated altcoins, Santiment claims that whales are selling these three altcoins. These; lending and borrowing protocol AAVE (AAVE), derivatives liquidity protocol Synthetix (SNX) and prediction markets platform Augur (REP).
According to Santiment, whales have sold 18.5 percent of SNX tokens and 5 percent of REP tokens since September. As for Aave, the crypto insight firm states that whales have disposed of 4.32% of their assets.
You can read the full report here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.