Crypto intelligence firm Santiment says three altcoins are home to booming whale populations.
The analytics company notes that it is closely monitoring whale activity in REN.
Santiment said the number of whales with at least one million REN rose almost 15% in 48 hours, from 81 to 93. The company points out that the growing number of whales contributed to the sudden surge in the REN rating on February 5th .
Another coin with a growing whale population is the Band Protocol (BAND). Santiment reveals that whales with at least 10,000 BAND tokens rose 67% from 49 to 82 in less than four months. The Crypto Insights company adds that the increase in the number of whales coincides with the increase in value of the Chainlink competitor.
The third coin that shows the gathering of whales is aave. According to Santiment, the number of addresses with 1,000 or more Aave tokens has increased from 266 to 399, a 50% increase as the value of the DeFi (Decentral Finance) credit protocol skyrocketed last month.
Santiment also reveals that whales are losing interest in three altcoins.
According to the Crypto Market Intelligence platform, addresses with 10,000 or more BNB tokens have dropped from 154 to 147 in three days.
The DeFi earnings aggregator yearn.finance (YFI) has also seen a decline in whale interest. Santiment reports that the number of whales fell 10% from 43 to 39 in three days.
Whales are also migrating from the Celsius Network (CEL). Whales are leaving the peer-to-peer credit protocol in droves, according to Santiment.
“A year ago there were 156 addresses with at least 100,000 CEL, a week ago 86 and now only 79 addresses. It goes without saying that this is a very worrying sign. “
Source: SantimentDon’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Check out the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / Damsea