Santiment, a cryptocurrency analysis company, shared its views on some altcoins that are showing signs of accumulation by whales and sharks.
In a tweet on May 23, Santiment mentioned Banqi (QI), Prosper (PRO) and Maker (MKR) as three altcoins to consider as markets change.
According to Santiment, wallets of $100,000 to $1 million began accumulating these altcoins in May.
🐳 Whales and sharks are showing accumulation signs for a few key #altcoins right now as markets are ranging. Keep an eye on #Banqi $QI, #Prosper $PRO, and #Maker $MKR. These assets are all seeing the $100k-$1m tier of wallets accumulating here in May. https://t.co/7hziIC3xvM pic.twitter.com/Epx6YMSlFa
— Santiment (@santimentfeed) May 23, 2023
In the crypto market, sharks and whales are terms used to describe large investors with substantial crypto holdings.
While the difference between sharks and whales in the crypto market is not very clear, in general, whales are larger investors with more than 10,000 BTC or equivalent in their account, while sharks are smaller investors with 100 to 10,000 BTC or equivalent in their account.
Banqi (QI) is a decentralized lending platform operating on the Avalanche network. It allows users to borrow and lend various crypto assets with low fees and high speed. QI is the platform's management token that allows holders to vote on recommendations and receive rewards.
Prosper (PRO) is a cross-chain prediction market and hedge platform aimed at providing liquidity aggregation on-chain.
Maker (MKR) is the management token of the decentralized organization MakerDAO and Maker Protocol, an Ethereum-based software platform that allows users to mint and manage the DAI stablecoin.
*Not investment advice.
