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Large Whale Transactions Captured on Multiple Altcoin Networks

Published 02/03/2023, 09:27 AM
Updated 02/03/2023, 09:30 AM
Large Whale Transactions Captured on Multiple Altcoin Networks

Large Whale Transactions Captured on Multiple Altcoin Networks

  • Santiment captured big whale transactions across multiple altcoin networks.
  • The transactions accounted for increased volatility, but not a drop in price.
  • Altcoin whales may be preparing for more significant exits from the market.

Santiment, the crypto market analytics platform, has alerted on increased whale transactions across multiple altcoin networks. An analyst on Santiment, who goes by the name “brianq”, suggested that the development could signal increased volatility rather than a token dump.

The analyst posited that several altcoins benefitted from the crypto rally of January this year. While the market focused on Bitcoin as the flagship cryptocurrency, many altcoins registered significant price gains, with some doubling their value in less than 30 days.

Moreover, the analyst spotted a few altcoins…

The post Large Whale Transactions Captured on Multiple Altcoin Networks appeared first on Coin Edition.

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