Bitcoin and Altcoin Decline
Bitcoin (BTC) and altcoins are experiencing a sharp decline due to various reasons.
While the BTC price has dropped to the $86,000 range, altcoins have also seen declines exceeding 10%.
As investors ponder the future of these declines, crypto analysis platform Santiment revealed the top 10 altcoins with the highest surge in whale activity:
- Maker DAO – DAI (Arbitrum)
- Polygon – MATIC (Ethereum)
- Floki Inu – FLOKI (Ethereum)
- Usual Money – USD0
- Quant Network – QNT
- Render Network – RENDER
- Circle – USDC (Arbitrum)
- Uniswap – UNI
- Aave – AAVE
- Wrapped Bitcoin – WBTC
Santiment noted that whales are preparing to purchase stablecoins for altcoin investments. They also highlighted a high probability of a reversal in the current altcoin price trend, as increased whale activity suggests that whales view recent declines as buying opportunities.
> “For stablecoins on this list, it signals potential purchases of other tokens by whales. For other assets, it likely indicates that key stakeholders are accumulating these assets at a favorable price point.”
Major Whale Activity
Interested in projects with significant whale transfer activity during this dip? Here are the coins that saw the most increased whale activity in the past 24 hours:
🐳 1. @makerdao $DAI (On Arbitrum)
🐳 2. @0xpolygon $MATIC (On Ethereum)
🐳 3. @realflokiinu $FLOKI (On Ethereum)
> This is not investment advice.
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