Recently shared analytical data shows that AAVE whales take an active role in the process leading to the emergence of an early sign of potential profit taking. While GALA, LRC and APE are whales’ popular altcoin projects, Santiment warned that selling pressure will intensify for AAVE.
Whales could influence rally’s continuation
In a recent tweet, on-chain analytics firm Santiment told investors that Avve (AAVE), which has been trending over the past nine days, has reached a 12% price increase and yields 10%. He reminded that he showed 48 growth. Whale transactions will be an important element to help the cryptocurrency’s rally continue. Earlier today, the tweet says that seven AAVE transactions worth $1 million each were processed. The Santiment analytics team thinks this is an early sign of potential profits in AAVE.
As we quoted Cryptokoin.com, whales had 70,000 AAVEs in the previous two months. had accumulated. This purchase amount is equivalent to a staggering $10.7 million. Whales also bought other altcoin projects in the process.
Altcoin whales bought FTM, APE, and SAND
WhaleStats crypto tracking service reported that in the last six hours, Ethereum whales added FTM, ApeCoin, and SAND to their wallets. reported. They bought 1,200,000 SAND worth $4,068,000, 971,727 FTX Tokens ($1,272,963 equivalent). A whale also bought 149,998 of the trending ApeCoin, paying $1,988,974 for this crypto amount at the current exchange rate.
In recent developments from the leading cryptocurrency, we have seen large sell orders of around $45,000 from Bitfinex exchange famous for its whales. Meanwhile, the top 100 Ethereum whales have accumulated in 5 altcoin projects, mainly Apecoin (APE), Gala Games (GALA) and Loopring (LRC). While Bitcoin is pushing the peak levels of March, its altcoins seem to accompany this acceleration. However, according to Peter Brandt, BTC’s 17x increase since March of last year faces a pause at current levels. You can find current price forecasts and technical analysis here.
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