Nansen shared the list of altcoins accumulated by whales. Accordingly, SHIB, PEPE Coin and LINK are at the top of the list. Meme coins SHIB and PEPE Coin are rallying, reflecting investors’ confidence.
Nansen: These coins are at the top of the whales’ list
Amid the significant bullish movement recorded by SHIB, PEPE, and LINK altcoins today, February 28, an intriguing phenomenon appears to be garnering significant attention among crypto market traders and investors globally. According to blockchain follower Nansen, these altcoins are high on the smart money entry list. This indicates significant whale accumulations of experienced and seasoned investors. Therefore, this creates great optimism for these tokens.
Meanwhile, at the time of writing, SHIB and PEPE Coin were trading in the green zone. However, LINK was changing hands in the red zone. While this reflects investors’ confidence, it also gives rise to speculation. However, derivative data has sparked additional speculation for these tokens. Because according to data from Coinglass, meme coins recorded an uptrend with increasing open interest and volume, while LINK recorded a decrease in open interest but an increase in volume.
An in-depth look at the report
Based on the insights provided by Nansen, SHIB, PEPE Coin, and LINK are ranked second, fourth, and fifth on the list, respectively, as of writing. SHIB, an Ethereum-based meme-coin, recorded a 24-hour inflow of $4.10 million. Pepe Coin (PEPE), an Ethereum-based meme coin similar to the Shiba Inu, saw a 24-hour inflow of $1.40 million. On the other hand, LINK recorded a 24-hour inflow of $1.02 million. It also saw an intriguing stock market debut of $8.17 million. This indicated that LINK withdrawals increased.
cryptokoin.comAs you follow from , these altcoins witnessed significant pumps today. In this regard, it has become even more compatible with the smart money token entry list. This has attracted the attention of crypto market enthusiasts around the world. However, LINK traded quite volatile today. So, it recorded significant pumps and dips.
SHIB, PEPE Coin rises while LINK falls
As of writing, the Shiba Inu price has increased by 5.68% in the last 24 hours. It is currently trading at $0.00001103. Even the Pepe Coin price has increased tremendously today. PEPE has risen a staggering 47.54% in the last 24 hours. The token is currently changing hands at $0.000003291.
Interestingly, unlike the notable jumps witnessed by meme coins, Chainlink price showed a marginal decline today after trading as high as $19.58. LINK price is currently at $19.6.
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