Smart money crypto whales devour three digital assets while selling three others, according to Santiment.
Santiment tells its 120,200 Twitter followers that whales have bought 41% more CRO in the past two months.
CRO is the Cryptocurrency, which powers Crypto.com’s payment, trading, and financial services platform. Santiment describes whales as units that hold between 100,000 and 10 million CRO tokens.
Source: Santiment / Twitter
In a new report, Santiment says whales are conquering UMA, a platform that allows developers to build or build synthetic assets Ethereum-based tokens that can track the price of anything.
“Uma has plummeted -53% since its main local peak six weeks ago, but the main big stakeholders for the ETH-based project continued to put more in their pockets. If such a drop in prices occurs but big holders have actually ADDED + 2.3% more coins in their pockets, it is a promising sign that it can pump when the markets start to turn positive. “
Another altcoin that whales are amassing is the decentralized crypto exchange Uniswap (UNI). According to Santiment, companies holding 10,000 and a million UNI coins are continuing to increase their stacks despite UNI’s weak price movement.
“Uniswap is one of the most important DeFi-Projects (Decentralized Finance) which really saw a big boom in the first half of 2021 but crashed in the latter. Despite the correction only have more and more large addresses in their luggage, + 4.1% more in December alone. “
The three altcoins Santiment says whales are releasing are the credit and credit history Aave (AAVE), the Derivatives Liquidity Log Synthetix (SNX) and the forecast market platform Augur (REP).
According to Santiment, whales have lost 18.5% of their SNX tokens and 5% of their REP coins since September. As for Aave, the Insights company says whales sheared 4.32% of their populations.
You can read the full report here.
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Source: Crypto News Deutsch