According to Santiment, cryptocurrency whales are quickly buying some altcoins and selling others.
The analysis company states that the number of addresses holding 100000 to 10000000 sushi makes this whale group own almost half of the total supply of the asset. SUSHI is the management token of the decentralized exchange SushiSwap. The 114th-ranked crypto asset by market cap was trading at $4.28 at the time of writing.
Santiment says whales also collect Band Protocol (BAND), a network that connects smart contracts with real-world data. Addresses holding between 10,000 and 1 million BAND now have a six-month high in the cryptocurrency supply. BAND, the 296th ranked crypto asset by market cap, is trading at $5.04 at the time of writing. BAND is up 11% in the last 24 hours.
Additionally, major addresses are accumulating UNI, the token of decentralized cryptocurrency exchange Uniswap. Addresses with 10,000 to 1 million UNIs now hold more than 10% of the asset’s supply for the first time. UNI, the 33rd ranked crypto asset by market cap, is trading at $11.10 at the time of writing. According to
Santiment, whale addresses seem to sell Aragon (ANT), Chainlink (LINK), and OMG Network (OMG). Aragon is a decentralized management platform on the Ethereum blockchain. OMG Network, on the other hand, provides an enterprise solution for secure and fast transfers on Ethereum.
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