Recently Ethereum While there is an increase due to ETFs centimeter warned investors about the popular artificial intelligence altcoin RNDR.
One of the leading names in the artificial intelligence industry Render Network (RNDR), With its rise in recent weeks, it has been subject to notable whale activity and an upward trend.
At this point a large whale had found its way into an unknown wallet. 4.89 million RNDR worth approximately $52.1 million Stating that he sent the token, Santiment stated that this transfer may cause potential fluctuations in the RNDR price in the near future.
At this point, Santiment recommends that those holding RNDR keep a close eye on the market as there may be increased volatility on the horizon. Because large transactions made by whales can often lead to price fluctuations.
“Whaling activity is high among the AI sector and Render is no exception.
A known whale sent 4.89 million RNDR (worth $52.1 million) to an unknown wallet earlier today as prices corrected.
“Investors holding this asset should beware of increased volatility.”
RNDR continues to trade at $10.55 at the time of writing.
🐳 Whale activity has been high among the #AI sector, and #render has been no exception. A known whale cent 4.89M $RNDR (worth $52.1M) to an unknown wallet earlier today as prices corrected. Those holding this asset should watch for increased volatility. https://t.co/AIKq9INw1M pic.twitter.com/EG1Rd1HhcA
— Santiment (@santimentfeed) May 23, 2024
*This is not investment advice.
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