Crypto Whales Are Quietly Accumulating These Three Altcoins, According to Analytics Firm Santiment

Published by on

Crypto analytics firm Santiment is revealing which altcoins crypto whales have been stockpiling over the past week.

In a new report on market conditions, Santiment says that as of March 3rd, the number of whales holding 100+ (YFI) tokens stands at 68, up from 64 the previous week.

Source: Santiment

The Enjin (ENJ) gaming token is also the subject of renewed whale interest this week, according to Santiment. There are 91 ENJ holders with more than 1 million tokens, which is up from 84 the previous week.

Source: Santiment

In addition, Santiment noticed that whales are accumulating’s native asset CRO at a significant pace. The firm shows that on March 3rd, 2,591 individuals hold 10,000+ CRO tokens, representing an increase of 2.78% in a span of one week.

Source: Santiment

The three altcoins that whales are ditching either in favor of cash or other assets are layer 2 scaling solution Polygon (MATIC), virtual reality platform Decentraland (MANA) and off-chain scaling solution Raiden (RDN).

Although MATIC’s whale population may be dropping, Santiment recently reported that the scaling solution, along with ENJ, Theta Fuel (TFUEL), and XinFin (XDC), are currently outperforming most of the market, especially BTC.

While some altcoins may be outpacing Bitcoin as of late, Santiment tells its 49,500 Twitter followers that crypto whales are eating up BTC supplies, possibly preempting a major run-up for the largest crypto asset by market cap.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1597129173244-0’); });

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Crypto Whales Are Quietly Accumulating These Three Altcoins, According to Analytics Firm Santiment appeared first on The Daily Hodl.

Categories: Uncategorized