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The analytical company Santiment studied the volumes of tokens on the largest OTC wallets and came to the conclusion that whales are actively buying three altcoins: Aave (LEND), Ren (REN) and 0x (ZRX).
Santiment used its own metric to track whale activity. A few weeks ago, the company presented graphs that show an increase in the share of large holders of the above tokens.
Source: Santiment
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Since the publication of the charts, Sentiment LEND has risen in price by 130%, REN – by 120%, and ZRX – by 10%. Analysts noted that this metric is a reliable indicator of potential growth in market value. This is because the cryptocurrency market still depends on large holders of various cryptocurrencies.
https://t.co/RX7pE2GAub
1) ???? A few weeks ago, we published an article on the three ERC-20 coins showing the largest accumulation trend by their top non-exchange holders, aka whales. Their price action since? $LEND +130%, $REN +120%, $ZRX +10%. For better or worse, #crypto is pic.twitter.com/aKjQNu0bgR
– Santiment (@santimentfeed) June 24, 2020
Analysts called aelf (ELF) as another token that is popular with whales. According to their metric, large over-the-counter wallets have begun to actively build up token stocks since early June.
Earlier this week, Bitcoin whales withdrew $ 125 million from Binance within 24 hours. Shortly before this, Grayscale analysts reported that the number of large BTC holders rose to 2017 rally levels.
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