Blockchain analytics firm Santiment talked about many altcoins this morning, including many SANDs. He pointed out that several of the biggest transactions of the year have been made recently for these altcoins. Here are the details…
Whale alert for SAND and these coins
According to the tweet, it has traded in excess of $40 million on Polygon (MATIC) and Fetch.ai (FET) networks. The tweet also added that investors and traders should keep an eye on Decentraland (MANA), DIA, Immutable (IMX) and The Sandbox (SAND) as there are some big whale moves.
On the other hand, Render Token (RNDR) is also on the rise, according to Santiment. Render Token took advantage of the AI excitement from chatGPT in early 2023. After a price correction in late February, Render Token whales seem to be returning for more action.
Moreover cryptocoin.com As we reported, Cardano recently launched its native crypto-backed stablecoin, Djed. Since launch, whale activity on the Cardano network seems to have stepped up. According to experts, if Whales stay active on Cardano, it could positively impact the local ADA coin soon. Also, the tokens of projects hosted on the smart contract network may see some rise.
LTC, SNX whales are also on the move
On the other hand, although short-lived, Litecoin (LTC) regained its $100 status in February. After returning below $70 on March 10, continued whale activity seems to be driving the current price uptrend. Since January, popular crypto derivatives platform Synthetix has also set a number of new records. Recently, it recorded the highest increase in crypto whale activity in three months. In particular, prices seem to be closely related to whale activity in the Synthetix network.
On the other hand, interest in NFTs continues to rekindle around the world, while IMX is constantly experiencing increased transaction activity from whales. After recording the highest whale activity of 2023 on March 20, further price increases for the coin may be imminent.
Meanwhile, the global crypto market cap has increased by 2 percent in the last 24 hours, according to CoinMarketCap. This 24-hour increase brought the total crypto market cap to approximately $1.17 trillion at the time of writing. MATIC price is down 1.29% in the last 24 hours. As a result, the price of MATIC is currently $1.11. Meanwhile, the price of FET is down 3.9 percent in the same 24-hour period and is around $0.37. On the other hand, the price of MANA has lost 0.53 percent against the dollar in the last 24 hours. DIA has seen a 1.18 percent increase in its price in the last 24 hours and is currently trading at $0.3567. IMX and SAND also saw minor acceleration losses.
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