The price of Cronos Aave Toncoin jumped on a whale pumping, what's next?
CRO, #AAVE and #TON are some of the most popular tokens that have taken a whale of a hit over the past week.
Each token has a unique trend in the ecosystem contributing to its adoption.
Given the positive trends on the #blockchain , prices are expected to rise steadily.
Blockchain analytics platform Santiment found several crypto projects that saw a significant spike in whale activity last week. These projects have attracted attention due to the alarming level of whale trading compared to the previous week. Among the crypto projects discovered were Cronos (CRO), Aave (on Polygon and Optimism), and Toncoin (TON).
The Santiment data shows that Cronos (CRO) saw the largest spike in whale trading, reaching 255%. It was followed by AAVE (Optimism), which was up 100% from the previous week.
With a slight deviation, Polygon's AAVE saw only a 50% surge. In addition to #CRO , AAVE and TON, Santiment analyzed other protocols, with Ethena USDe showing an 82 percent spike and MakerDAO DAI showing a 75 percent spike.
the rest of the protocols, including USDC, WETH, TON, IRX and ARB, whale activity increased by around 25-57 percent. This sentiment underscores the overall increase in whale activity in the cryptocurrency market.
Santimento believes that most of the aforementioned crypto projects could be prime candidates for future price increases.
Crypto whales can influence the price and liquidity of cryptocurrencies. Whales are usually defined as owners of more than 100,000 units of a particular asset. Because of their ability to influence the cryptocurrency market, the crypto community usually follows their activity to monitor price behavior.
the past two months, CROs have continued to be on the cryptocurrency community's radar with an overall positive sentiment.
Meanwhile, the CRO price was trading at $ 0.0792, down 1.
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