Santiment Identifies Four Altcoins Attracting Whales
Crypto analytics platform Santiment has identified four altcoins that are currently drawing the attention of whales. Santiment’s director of marketing, Brian Quinlivan, believes that these altcoins may experience significant rebounds once the crypto market stabilizes. The four altcoins are:
- XRP: Whales have recently become active in accumulating XRP, which has corrected by over 35% from its 2023 high. This accumulation suggests a potential rebound.
- Shiba Inu (SHIB): Large wallets are making significant transactions as the price of SHIB has fallen. This memecoin had a strong rally in the first half of August.
- The Sandbox (SAND): This decentralized virtual world saw a notable increase in transactions valued at over $100,000 on August 14th.
- Pancake Swap (CAKE): This decentralized crypto exchange on the Binance Smart Chain has recently witnessed a surge in $100,000+ whale transactions, indicating potential developments for the coin.
These altcoins are worth $0.49 (XRP), $0.00000823 (SHIB), $0.32 (SAND), and $1.31 (CAKE) at the time of writing.
Hot Take
As the crypto market stabilizes, it is important for crypto readers to keep an eye on these altcoins that are attracting whale interest. The accumulation of XRP and the increased transactions in SHIB, SAND, and CAKE may indicate potential rebounds and developments in the near future. Stay informed and watch out for any price action and updates regarding these altcoins.
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