Bitcoin (BTC) and altcoins experienced a sharp decline last night following the FED decision, due to increased inflation risk and decreased expectations of interest rate cuts. Bitcoin fell to the $71,000 level, while Ethereum (ETH) and altcoins also saw significant pullbacks.
While some analysts believe this decline is temporary and expect the rise to continue, others expect the decline to persist.
As uncertainty mounts for Bitcoin, Santiment has revealed the top 10 altcoins experiencing the highest increase in whale activity.
According to Santiment, which cites on-chain data, these altcoins with a market capitalization of over $500 million are showing the highest percentage increases in the number of large investor transactions of $100,000 and above in the last month:
“1) Mantle –MNT (+600% more)
2) DAI – in BNB (+340%)
3) Maker Dao –MKR (+200%)
4) A – FET (+178 %)
5) Rain Protocol – RAIN (+100%)
6) Aster – ASTER (+89%)
7) USDD in Ethereum (+82%)
8) Pepecoin – PEPE (+61%)
9) Tether – USDT in Optimism (+58%)
10) Circle – USDC in BNB (+57%)”
*This is not investment advice.
