No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Crypto Whales Revived in November, Market Moves Expected
According to market intelligence and on-chain analytics firm Santiment, giant crypto whales that transact over $100,000 gain.
Furthermore, the market intelligence firm added that the most important trades are Tether (USDT) and USD Coin (USDC). According to the tweet, Santiment anticipates “major market moves.”
Whales had a busy Monday following volatility over the weekend. Perhaps the most significant assets with increased whale trades of over $100,000 are: #tether When #USD coinMajor market movements should continue as large purchasing power is in motion. https://t.co/17NURw1OmT pic.twitter.com/wvEi7Jde8l
Santiment (@santimentfeed) October 31, 2022
According to U. Today report Earlier this month, data provided by blockchain analytics firm CryptoQuant showed that investors in Ethereum (ETH) whales have long influenced the price of the asset.
Data is, whale You can manipulate the price of ETH by depositing your tokens on exchanges and selling them at specific times while the price is rising.
According to Etherscan, on October 30, a giant Ethereum whale transferred 19,999.9985 ETH (worth about $31.6 million at the time of writing) to Binance, the cryptocurrency exchange with the largest trading volume. data.
A similar whale move could signal another bear market trend. Another reason whales move large amounts of crypto assets to centralized exchanges may be their quest for liquidity.
But altcoin whales arent the only ones making big moves.According to Benzinga reportBitcoin (BTC) whale It moved a whopping sum of around 2,181 BTC worth around $44.7 billion at the time of writing.
