According to data from Santiment, whales showed intense interest in 10 altcoin projects this week.
Blockchain analytics platform Santiment has shared 10 cryptocurrencies that stand out among altcoins that have seen notable increases in trading volume this week. These altcoins were selected from projects with a market value of at least $500 million. Here are those projects:
Fixed Token (FTN)
Ethereum Name Service (ENS)
Trust Wallet Token (TWT)
LayerZero (ZRO – Arbitrum network)
Meme (MEME)
Amp (AMP)
Axles (AXL)
LayerZero (ZRO – Ethereum network)
Curve Finance (CRV – Arbitrum network)
MakerDAO’s stablecoin (DAI)
Santiment emphasized that these increases in whale transactions can often be a precursor to price fluctuations, urging investors to be careful, especially in assets other than stablecoins. Sudden whale transfers can lead to large upward or downward movements in the price of an altcoin.
In this process, investors should make careful analysis and adapt their portfolios accordingly, which will help them better evaluate possible risks and opportunities.