Santiment Whale Activity Hints at Price Surge for INJ, MATIC, RENDER

  • INJ, MATIC, and RENDER whales are moving their tokens to cold wallets.

  • Santiment data shows that the altcoins are bullish in the short and long terms.

  • While INJ and RENDER have printed significant gains this cycle, MATIC has yet to catch up.

Injective (INJ), Polygon (MATIC), and Render (RENDER) are showing promising signs for both short- and long-term growth, according to blockchain analytics platform, Santiment. The platform observed that whale wallets are moving their holdings of these altcoins from exchange wallets to cold storage, pointing to a bullish outlook. 

Santiment highlighted on X (formerly Twitter) that INJ, MATIC, and RENDER are “among several that saw plenty of price anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply.” These price fluctuations, they noted, present “fantastic” opportunities for both short- and long-term traders.

A chart shared by Santiment illustrated this trend. INJ whales initiated a substantial transfer of tokens to cold storage on August 21, 2023, and have continued to do so gradually. Similarly, RENDER whales moved a significant amount of tokens to cold wallets on July 21. On Sep


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