Santiment, the renowned cryptocurrency analysis company, has revealed some thrilling insights in its latest analysis, highlighting altcoins with exceptional whale activity.
Santiment analysts have identified Aave (AAVE), Compound (COMP), Curve Finance (CRV), Immutable X (IMX), and YGG as altcoins to keep a watchful eye on as they are observing a flurry of whale transactions exceeding $10 million within their networks.
It’s been a thrilling time for whales, with $22M in AAVE, $14M in COMP, $12M in CRV, $15M in IMX, and $11M in YGG at their fins, making waves in the cryptocurrency market.
As if that wasn’t enough excitement, the recent Grayscale case ended in victory for the company, and the related altcoins suddenly experienced significant price surges. In the last 24 hours, AAVE has shot up by 11%, COMP by 6%, CRV by 9%, IMX by 4%, and YGG by 6%.
Meanwhile, Bitcoin Cash staged an impressive 17% comeback, followed by XDC Network and Stacks with gains of 12% and 11%, respectively. Not to be outdone, Conflux gained 10% and rose to prominence too. All this created a grand total of about $50 billion in new investment pouring into the crypto market, and the total market cap of cryptocurrencies soared to a staggering $1.11 trillion.