Santiment says that watching whale movements can be an effective method for determining which crypto assets are trending bullish or bearish. And according to Santiment, also a crypto analytics firm, crypto whales are actively accumulating three altcoins and selling the other two.
According to the analytics firm’s report, 1-10 million Scale (SKL) The number of whale addresses that keep them has increased in the last week.
SKL is the native presence of Skale, a blockchain network that aims to enable developers to create and provide decentralized chains compatible with Ethereum. SKL is trading at $0.23 at the time of writing and has dropped nearly 30 percent in the last 24 hours following the market crash.
According to Santiment, another of the altcoins in which the interest of whales has increased is Maker (MKR). 100-10,000 according to the report Maker (MKR) The number of whale addresses with assets between the two increased in the second half of November.
Maker is a stablecoin pegged one-to-one to the US dollar without any bank, government or third party. DAI It is a supporting management token. According to data from CoinGecko, MKR is trading at $2604 at the time of writing and has fallen more than 10 times on the day.
Santiment, between 1-10 million in hand Ocean Protocol (OCEAN) He also states that the number of whale addresses that keep them increased in the second half of last month.
OCEANis a blockchain ecosystem that connects data providers and consumers. Ocean Protocol’s local existence. OCEAN, the 196th ranked crypto asset by market cap, is trading at $0.96 at the time of writing and has lost around 25 in the last 24 hours following the market crash.
Santiment, on the other hand, is between 1-10 million Rhine (REN) He also states that the number of whale addresses that keep them has decreased in the last week.
coloris a platform that facilitates transactions between different blockchain platforms. Its aim is to make it as simple as possible for users to adopt and invest in decentralized finance (DeFi). The REN is trading at $0.72, down over 18 percent at the time of writing.
According to the data of the analytics firm, another altcoin selling among investors with large purchasing power is The Graph (GRT). According to the report, the number of whale addresses holding 1-10 million GRTs has decreased considerably in the last two weeks.
GRT, a platform that indexes and organizes blockchain data The Graph‘s native token. The crypto-asset, which is ranked 49th by market cap, is trading at $0.69 at the time of writing and is down more than 22 percent on the day.
Santiment also holds between 100 and 10,000 Basic Attention Token (BAT) He also states that the number of addresses holding them has decreased a bit. Although the analytics firm calls these addresses “whales,” the term seems a bit exaggerated as BAT is trading at just $1.03 at the time of writing.
BATis a service token based on Ethereum. An anti-ad web browser that focuses on protecting a user’s data by removing ads and ad trackers. BraveIt gives power. Ranked #85 by market cap, the crypto asset is trading at $1.03, down 26.5 percent in the last 24 hours.
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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.