Popular cryptocurrency platform Santiment continues to share altcoins. He wrote that at this point whales are concentrated in four altcoins.
Stating that these four altcoins are CREAM, FIS, LINA and ELF, Santiment said that whales are active in these altcoins.
Santiment warned investors about the possibility of major fluctuations in the price of this altcoin this week, noting that there was an increase in transactions involving $ 100,000 and more in the CREAM, LINA, FIS and ELF networks of balianas.
“If you are wondering about the altcoins where whales are most active, these are ELF, FIS, CREAM and LINA.
Whales are actively trading on these networks and there have been large increases in transaction amounts of more than $100,000.
“At this point, these altcoins are more likely to see major swings this week.”
🐳📈 If you're monitoring where whales are being the most active, there have been major increases in the amount of $100K+ transactions on the $ELF, $FIS, $CREAM, and $LINA networks. These projects have a higher probability to see big swings this week. https://t.co/CAAgr6sNmo pic.twitter.com/I2XzNNu1iM
— Santiment (@santimentfeed) September 26, 2023
At this point, analysts reminded that increased whale activity can often be a harbinger of potential price fluctuations.
*This is not investment advice.
