The cryptocurrency market has experienced high volatility over the past week, with many altcoins fluctuating in both directions.
Crypto Analysis Platform Santiment 5 Draws Attention to Whale Movements in Altcoin
According to Santiment, a platform that provides on-chain and social data for crypto assets, several altcoins saw large transfers worth more than $10 million today, making today one of the most active days for whale movements.
Santiment highlighted five altcoins that are attracting significant whale activity:
Polygon (MATIC), Chiliz (CHZ), Curve DAO Token (CRV), Render Token (RNDR), and Tether (USDT).
When the chart shared by Santiment is examined, an increase in whale activities is also observed in AAVE, OCEAN, GAL, GRT and WOO altcoins.
🐳 With #altcoins becoming significantly more volatile this past week, @santimentfeed data indicates that several assets have seen major transfers worth $10M+ today, easily making it a top 3 highest whale movement day of the year. Keep an eye on $MATIC, $CHZ, $CRV, & even $USDT. pic.twitter.com/ajRBctxGaw
— Santiment (@santimentfeed) June 28, 2023
The tokens and the amount of transfers made by whales during the day are as follows:
Chiliz (CHZ): $29.9 million
Curve DAO: $13.5 million
AAVE: $13.1 million
Ocean Protocol (OCEAN): $12.1 million
Render Token RNDR: $23.6 million
GRT: $17 million
Galxe (GAL): $13.4 million
WOO: $15.5 million
*Not investment advice.
