Data Shows that Altcoin Whale Activity Has Risen Recently

  • According to the tweet, MATIC and FET both had a $40 million transaction on their networks.
  • IMX, SAND, DIA, and MANA also witnessed large transactions stated Santiment’s post.

The blockchain analytics firm, Santiment (@santimentfeed), tweeted this morning that many altcoins have experienced several transactions recently which are among some of the biggest of the year for the respective networks.

According to the tweet, Polygon (MATIC) and (FET) have both seen a transaction valued over $40 million on their networks. The tweet also added that investors and traders should keep an eye on Decentraland (MANA), DIA, Immutable (IMX), and The Sandbox (SAND) after they hosted some big whale moves as well.

In related news, the global crypto market cap has risen 2.95% over the last 24 hours according to CoinMarketCap. This 24-hour increase has elevated the total crypto market cap to around $1.18 trillion at press time.

The price of MATIC has risen 2.85% over the last 24 hours. As a result, the price of MATIC currently stands at $1.14. Meanwhile, FET’s price rose 0.56% in the same 24-hour period – taking its price to $0.3844 at press time.

MANA’s price was able to rise 4.33% against the dollar in the last 24 hours and was able to strengthen against the two crypto market leaders as well. Currently, MATIC is up 1.46% against Bitcoin (BTC) and 0.24% against Ethereum (ETH).

DIA experienced a 1.18% increase in its price in the last 24 hours and currently trades at $0.3567. IMX and SAND also received price boosts with IMX’s price up by 1.82% at press time to trade at $1.22, while SAND’s price rose 2.66% to bring it up to $0.6551.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Related Articles

Back to top button