As the crypto market experiences a turbulent period, large-scale whale transfers are drawing attention. According to data from Santiment, whale activity has surged in several altcoin projects, signaling potential significant price movements. The increased whale interest in these altcoins could be a precursor to upcoming bullish trends.
Altcoin Projects Catching Attention
Santiment reports that Chromia (CHR) and HarryPotterObamaSonic10Inu (BITCOIN) have seen a substantial increase in whale activity. Chromia, in particular, has witnessed an 800% rise in whale movements, suggesting that investors are paying closer attention to this altcoin. Similarly, HarryPotterObamaSonic10Inu saw a 740% increase, reflecting sustained interest from major investors.
Whales Active! Could These Altcoins Be Poised for a Surge?
Historically, high whale activity often precedes price rallies in altcoins. As such, investors should keep a close watch on these assets. Despite the current bearish sentiment across the broader market, such movements present opportunities for potential gains.
Civic (CVC), Cartesi (CTSI), Chiliz (CHZ), and Flux (FLUX) Draw Whale Attention
Civic (CVC) and Cartesi (CTSI) are also among the altcoins seeing significant whale activity. CVC saw a 588% increase, while Cartesi followed closely with a 550% rise. These spikes indicate growing interest from large investors, which typically signals an upcoming price rise. Santiment emphasizes that investors should monitor these altcoins carefully, as whale movements are often crucial indicators in the market.
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According to The Bit Journal, Chiliz (CHZ) has experienced a 333% increase in whale activity, while Flux (FLUX) saw a 275% jump. These two altcoins are particularly noteworthy due to their strong presence in sports and technology projects. Investors are keeping a close eye on these altcoins, as whale activity could drive market momentum and impact broader trends.
Virtua (TVK), Dai (DAI), and Other Altcoins See Increased Whale Activity
Other altcoins, such as Virtua (TVK), Dai (DAI), and Gomining, have also caught the attention of whales. TVK saw a 200% increase in activity, DAI experienced a 180% rise, and Gomining followed with a 157% increase. Additionally, PAX Gold (PAXG) gained attention with a 145% increase.
As reported by The Bit Journal, this heightened whale activity often leads to short-term price movements. Virtua, for example, has seen the highest surge, with whale activity increasing by 1900% over the past 30 days. Investors are advised to keep a close watch on these altcoins to seize potential opportunities.
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