Crypto Whales Started Accumulating These Lesser-Known Altcoins
Amid the current subdued performance of Bitcoin (BTC), sharks and whales have started accumulating altcoins and stablecoins. On-chain data provider Santiment reports: advertisement As sharks & whales stay flat on their #Bitcoin holdings, we are seeing that #stablecoins have been accumulated by these large holders, increasing their future implied buying power. The most widely accumulated stablecoins include USD Coin, Binance USD, and the DAI Stablecoin. The $100k-$10m whale addresses hold 37% USDC, 6% BUSD, and 39% DAI. Courtesy: Santiment Whales Accumulating Altcoins On the other hand, some lesser-known altcoins have also been on the radar of the whales. During this month of May, whales and sharks have accumulated a few lesser-known altcoins such as Porspoer $PRO, Banqi $QI, and Maker $MKR. As per on-chain data provider Santiment, $100k-$1m tier of wallets have accumulated these assets. Recommended Articles ...