Crypto analytics firm Santiment has made a notable prediction for three altcoins (Cardano, Maker and Fetch.ai).
Santiment noted the increase in whale activity in three projects, the smart contract platform ADA, MKR and FET. reported. According to Santiment, this development is a sign that major price swings are imminent.
“Cardano, Maker and Fetch have had their moments to shine in 2023. Especially the FET, which has increased by 5x since Jan 1st. But these three entities in particular have seen huge increases in whale activity, and you can expect big fluctuations at this point.” 
As Santiment pointed out, Fetch.ai emerged as an altcoin that experienced a remarkable rise in 2023. FET rose 527% from its close of $0.094 in 2022 to as high as $0.59 in February.
Besides, Santiment says Maker is on a strong enough rally to profit its investors for the first time since December 2021.
“Traders who invested in Maker over the past year have finally made a profit. Our final estimate (santiment insights) examines MKR’s 13% increase in stocks supply, increased selling pressure and what all this means for future price performance.”
Santiment, who also examines the leading crypto Bitcoin (BTC), says that whale addresses hit an all-time high of 2,489 on February 8 and then fell.
“The amount of whale Bitcoin addresses available continues to decline with 2,011 compared to the 2,266 that exist a year ago today. 2,489 was the All-Time High set on February 8, and prices rose 70% over the next 10 weeks.”
Finally, the crypto analytics firm predicts that metaverse platform The Sandbox (SAND) will experience a price correction.
“Sandbox unlocked 20% of the tokens on February 4 in keeping with the token economy. But prices are stagnant.”
In a Santiment Insights blog post, the analytics firm delved into an unusual pattern seen in altcoin price.
“However, an unusual pattern emerged, with more tokens entering the exchanges between February 20 and 22, even at lower higher-higher values. This increase in supply indicates that prices will soon recover. Similar patterns were observed at previous token unlock events in August-September 2022. This is where prices drop after a month of token unlocking.”
You can follow the current price action here.