Cryptocurrency analysis expert Santiment announced that it has identified the four altcoins with the most intense whale activity in the market. In a period where the Bitcoin-led rally continues, movements in the altcoin market arouse curiosity among investors. Let’s examine the altcoin names that are on the whales’ radar together…
Santiment: These 4 altcoins are on the whales’ radar!
It was observed that BTC reached the level of $ 38,000 with today’s climb. Bitcoin, which has demonstrated an impressive performance of 31% in the last month, is considered a positive development by analysts. However, according to Santiment’s statement, while some coins are pumping in the altcoin market, others are showing signs of slowing down.
Santiment analysts point out that the transactions made by whales create peaks in the charts of the number of altcoin transactions. The four altcoins with the most whale activity are as follows: 1inch Network (1INCH), Dogelon Mars (ELON), Polygon (MATIC) and WOO Network (WOO). As we mentioned before, TRB is facing sales pressure from whales. In particular, TRB sales by crypto investment companies and whales with very large liquidity pools can cause sudden declines in the market.
Investors should follow whale activities closely
According to today’s price changes, WOO decreased by 8.44%, ELON increased by 16%, MATIC decreased by 0.33% and 1INCH decreased by 4.59%. This indicates the intense activity of whales in these altcoins. Another important development that emerged during the day was the rumors that BlackRock would apply for an Ethereum spot ETF. Following this news, the ETH price rose above $2,000.
The overall cryptocurrency market rose by 1.29% to $1.37 trillion. These developments are important in understanding the dynamics in the cryptocurrency market and the potential trading opportunities that attract the attention of investors. Investors can keep their strategies updated by closely monitoring whale activity.
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