This Metaverse Coin Is In The Basket Of Mega Whales! – Cryptokoin.com

Cryptocurrency whales have been changing their portfolios in recent weeks, with the market moving sideways. New data suggests whales are meeting again around a popular metaverse coin project.

Whales are after metaverse coin projects again

According to data from whale watching bot WhaleStats, Decentraland (MANA) tops the list of top ten purchased tokens among the 500 largest ETH whales in the last 24 hours. The data came from the official Twitter account of WhaleStats.

However, a deeper look into the wallets of the top 100 ETH whales reveals that MANA is not on the top ten most bought cryptocurrencies list. Whales primarily hold USDT and USDC. USDT and USDC assets are 30.97% and 26.28%, respectively. According to the details, MANA accounts for 0.66% of the top 100 ETH whale assets. They hold a total of 37,412,063 MANA worth approximately $14.2 million.

The new surge in whale interest was linked to the introduction of a new rental feature for LAND owners. This feature allows users to rent their land and properties and earn passive income. Users can set the price, rental period and expiration date for their LAND or property. According to the announcement details, all transactions will be executed using Decentraland’s native token, MANA.

This altcoin has reached its highest supply level since 2017

Blockchain analytics firm Santiment tweeted this morning that mega whale addresses for LTC hold “the highest level of supply available since June 2017.” The tweet says that wallets holding 1 million and more LTC have accumulated 2.95 million LTC in the last 5 weeks. At current prices, this is worth about $219.6 million.

LTC, meanwhile, was on the decline. At the time of writing, it is trading at $75.05, down 3%. This further pushed down the altcoin’s negative weekly price performance. Currently, LTC is down 10.51% in the last 7 days. On the other hand, the bears are trying to push LTC price below the 20-day EMA line. Currently, the 9-day EMA is still positioned above the 20-day EMA, which is a bullish sign. However, this bullish sentiment would have vanished if the 20-day EMA failed to support LTC’s price in the next 24 hours.

Another bearish indicator is the daily RSI line, which is positioned below the daily RSI SMA line. Moreover, this line is also negatively sloping towards the oversold region. If the decline continues, LTC price could drop as low as the next support level at $69.17. cryptocoin.com We have mentioned Litecoin’s halving and news calendar in this article.

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