While Bitcoin (BTC) has been generally volatile in recent days, altcoins are also affected by this. While some investors prefer to wait on the sidelines in the face of these volatile movements, large investors called whales continue to make altcoin transactions.
At this point, cryptocurrency analysis company Santiment announced the 10 altcoins that experienced the highest increase in whale activity in its post.
Santiment stated that altcoins continue to fly and announced the 10 altcoins that whales are turning to:
“Altcoins continue to soar. Here are the top 10 notable altcoins that saw the biggest increase in whale transactions this week:
1-Fast Token – (FTN) 2-Ens – ENS 3-Trust Wallet –TWT 4-Layer Zero – ZRO (On Arbitrum) 5-Memecoin – MEME 6-Amp coin – AMP 7-Axelar – AXL 8-Layer Zero – ZRO (On Ethereum) 9-Curve Finance – CRV 10-Maker DAO – DAI”
Finally, Santiment stated that high whale activity is generally a sign of price volatility for the relevant altcoins, and warned investors to be careful.
https://twitter.com/santimentfeed/status/1863751613644517614
*This is not investment advice.
