Bitcoin and altcoins have entered a cooling period following their significant gains. Experts generally attribute this cooling to a historical summer recession, but they predict a major bull rally will continue after September.
While the market is dominated by a bearish trend, Santiment analysts noted that whales are active in unexpected altcoins.
According to the data, Santiment said that whales have turned to four altcoins that may not be on investors' radar in the last 3 months and have been active in these altcoins.
Santiment stated that these altcoins are “Immutable (IMX), Curve DAO Token (CRV), Bitcoin Cash (BCH), and Convex Finance (CVX).”
“Even though cryptocurrency markets were down on Monday, whale activity continues to trend towards some assets that may not be on your radar. According to data from the last 3 months;
IMX: 2nd highest whale transaction
CRV: 4th highest whale transaction
BCH: 5th highest whale transaction
CVX: 5th highest whale transaction
*This is not investment advice.
