NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Data Shows that Altcoin Whale Activity Has Risen Recently

Published 03/24/2023, 02:30 AM
Updated 03/24/2023, 03:00 AM
Data Shows that Altcoin Whale Activity Has Risen Recently
BTC/USD
-
ETH/USD
-

  • Santiment tweeted that altcoins experienced several whale transactions recently.
  • According to the tweet, MATIC and FET both had a $40 million transaction on their networks.
  • IMX, SAND, DIA, and MANA also witnessed large transactions stated Santiment’s post.

The blockchain analytics firm, Santiment (@santimentfeed), tweeted this morning that many altcoins have experienced several transactions recently which are among some of the biggest of the year for the respective networks.

According to the tweet, Polygon (MATIC) and Fetch.ai (FET) have both seen a transaction valued over $40 million on their networks. The tweet also added that investors and traders should keep an eye on Decentraland (MANA), DIA, Immutable (IMX), and The Sandbox (SAND) after they hosted some big whale moves as well.

In related news, the global crypto market cap has risen 2.95% over the last 24 hours according to CoinMarketCap. This 24-hour increase has elevated the total crypto market cap to around $1.18 trillion at press time.

The price of MATIC has risen 2.85% over the last 24 hours. As a result, the price of MATIC currently stands at $1.14. Meanwhile, FET’s price rose 0.56% in the same 24-hour period – taking its price to $0.3844 at press time.

MANA’s price was able to rise 4.33% against the dollar in the last 24 hours and was able to strengthen against the two crypto market leaders as well. Currently, MATIC is up 1.46% against Bitcoin (BTC) and 0.24% against Ethereum (ETH).

DIA experienced a 1.18% increase in its price in the last 24 hours and currently trades at $0.3567. IMX and SAND also received price boosts with IMX’s price up by 1.82% at press time to trade at $1.22, while SAND’s price rose 2.66% to bring it up to $0.6551.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Data Shows that Altcoin Whale Activity Has Risen Recently appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.