Crypto analytics firm Santiment reports that whale activity on three altcoins has spiked since early 2023.
Starting with the liquidity protocol Aave (AAVE), Santiment To tell The 42nd largest crypto asset by market capitalization has seen a year-to-date increase of over 1,100% in the number of transactions worth over $100,000.
Next is Litecoin (LTC). The 16th largest digital asset by market capitalization has seen a more than 75% increase in transactions above $100,000 since the beginning of the year, according to a crypto analytics firm.
Meanwhile, decentralized virtual world Decentraland (MANA) saw a more than 871% increase in the level of transactions over $100,000 within three weeks, according to Santiment.
“Several altcoins continue to make isolated moves for now as the overall market rally plateaus: AAVE (+1,100%), MANA (+871%), LTC (+75%) ) has risen significantly since the new year in transactions over $100,000.”
Aave is trading at $84.63 at the time of writing, up 60% year-to-date. Litecoin is at $86.45, up 24% year-to-date. Decentraland’s market price is estimated at $0.69 at the time of writing, up 130% year-to-date.
Turning to Chainlink (LINK), the source of off-chain real-world information for smart contracts, Santiment To tell It shows that the number of whales holding the 24th largest crypto assets has increased by more than 26% in the last eight months.
“Chainlink is a bit ahead of the altcoin pack today. It has 463 addresses holding at least 100,000 LINK, up +26% since May 2022. Whale accumulation while asset corrects It is reassuring to see
Chainlink is trading at $6.79 at the time of writing, up 22% year-to-date.
Don’t miss a beat – subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitterfacebook, telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: In the middle of the journey