According to Santiment, crypto whales are quickly storing three altcoins while selling the other three.
According to the crypto analytics firm, they have between 100,000 and 10 million Sushi The number of addresses that hold between now accounts for about half of the asset’s total supply.
SUSHI is the governance token of the decentralized exchange SushiSwap. The 113th-ranked crypto asset by market cap is trading at $4.10 at the time of writing.
According to Santiment, whales are a network that connects smart contracts with real-world data. Band Protocol’s governance token BANDHe’s also wiping it away. Addresses holding 10,000 to 1 million BAND have reached a six-month high in the coin’s total supply, according to the platform’s data.
BAND, the 288th-ranked cryptocurrency by market cap, has seen a nice rise in price and is trading at $4.64, up around 5 percent at the time of writing.
Additionally, major wallets, decentralized crypto exchange Uniswap‘s native token UNIHe collects . Uniswap really took off a year ago, but has spent most of the last 8 months stagnant. Despite this, top investors are still showing signs of accumulation.
Wallets with 10,000 to 1 million UNIs currently hold more than 10 percent of the asset’s total supply for the first time, according to the platform’s data.
UNI, the 34th-ranked cryptocurrency by market cap, is trading at $10.55 at the time of writing, with a loss of about three percent.
Whales are getting rid of these 3 altcoins
Again, according to Santiment, whale addresses Aragon (ANT), Chainlink (LINK) and OMG Network’ü (OMG), on the other hand, seems to be selling.
Aragon is a decentralized management platform located on the Ethereum blockchain. The project’s native token, ANT, is trading at $5.41, down a notable 8 percent at the time of writing.
Aragon rallied just over $14 at the start of the year before experiencing a quick correction. Whales holding 100,000 to 10 million ANTs started making a pretty steady profit about a month ago, but the price hasn’t improved since then. It would be wise to wait to see some signs of backlog before returning to this project.
Another cryptocurrency among the altcoins drained by whales is the decentralized oracle network. chainlink. LINK, the 22nd-ranked crypto asset by market cap, is trading at $15.63 at the time of writing, down over 6%.
Chainlink’s 3-month decline in whale-held coins can mainly be attributed to the massive drop in mid-November. Since then, these millionaire investors have drained about 3% of LINK’s supply.
OMG Network is an enterprise solution for secure and fast Ethereum transfers. At the time of writing, the project’s native token, OMG, was trading at $4.88.
OMG Network’s price rose as high as $12.10 three months ago, well past its current price. Due to concerns about the fundamentals of the cryptocurrency right now, 11.5 percent of the OMG supply has been drained by these whales in the past three months.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.