As price volatility in the cryptocurrency market has caught attention lately, whales are actively trading altcoins that are on investors' radar. According to new data released by the on-chain analysis platform Santiment, altcoins that have seen a significant increase in transfers of 100,000 Dollars and above may experience important price fluctuations in the coming days.
Santiment's data highlights the top 10 altcoins with the most significant spikes in weekly whale activity, drawing the attention of investors. The prominent projects among these altcoins are listed as follows: Trust Wallet (TWT), Synthetix (SNX), Virtuals (VIRTUAL), Renzo Protocol (EZETH), Mantle (MNT), Artificial Superintelligence Alliance (FET), Pendle (PENDLE), World Liberty Finance (USD1), Ethereum Name Service (ENS), and Usual Money (USD0).
The activity of large investors in these projects is often considered a precursor to upcoming price changes. Santiment emphasizes that the recent increase in trading volume for these altcoins indicates that price volatility may escalate. The intense movements of whales present critical opportunities for investors, while potential price fluctuations may offer profit opportunities.
Investors should closely monitor the price movements and whale activities of these 10 altcoins. It is crucial to follow developments and market trends in these altcoins before shaping your investment decisions. Evaluating data from various analysis platforms, including Santiment, can be an important step in strengthening your cryptocurrency portfolio.
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