Two altcoins detected high-level whale activity: Santiment

With the crypto market turning bullish again after a positive sentiment on Ethereum spot ETFs, Santiment highlighted high whale activity in two altcoins. The crypto analytics firm noted that coins with increased whale interest often experience price reversals.

Two altcoins detected high-level whale activity: Santiment

Santiment, a company that provides information on cryptocurrencies and on-chain data and analyzes the social media movements of investors from time to time, stated that whale interest has started to increase in two coins.

In the company’s analysis, he stated that whale movements in Chilliz (CHZ) and Optimism (OP) have increased, which could result in upward price returns:

“While cryptocurrencies have made a very nice comeback, Optimism and Chilliz stand out as networks where whale activity is currently increasing. The increase in whale interest usually results in the prices of the relevant coins moving upwards again.”

“Ethereum is the most talked about cryptocurrency…”

On the other hand, the company added to its social media analytics and reported that the cryptocurrency is currently the most talked about coin on social media due to the anticipation of the Ether spot ETF.

Leave a Comment