Crypto NewsAltcoinAfter Bitcoin Climbs Above $70,000, Santiment Reports Increased Whale Activity in Two...

After Bitcoin Climbs Above $70,000, Santiment Reports Increased Whale Activity in Two Altcoins

Cryptocurrency analysis company Santiment observed that whale activity increased in two altcoins after the big rise.

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Cryptocurrency analysis platform Santiment, in its latest evaluation, drew attention to some altcoins after the market boomed.

With the emergence of statements that Ethereum Spot ETFs may be approved and these being confirmed by Bloomberg analysts Eric Balchunas and James Seyffart, it started to rise under the leadership of Ethereum.

In their analysis, Santiment analysts announced that whale activity in Optimism (OP) and Chiliz (CHZ) altcoins has increased significantly.

According to analysts, this sudden increase in the onchain activities of these two altcoins may be a harbinger of great volatility and reversal in the two altcoins.

Following today's developments, the Bitcoin price managed to exceed the $ 70,000 limit after a long time.

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However, although the approval news was for Ethereum, there were also altcoins that rose more than ETH. Ethereum layer-2 protocol Lido Dao, decentralized exchange Uniswap, and PEPE, an Ethereum-based memecoin, showed double-digit increases.

On the other hand, despite the huge rise in the market, GALA and XMR stood out as declining altcoins.

*This is not investment advice.

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