Cryptocurrency projects Skale (SKL), Maker (MKR) and Ocean (OCEAN) recorded the growth in the activity of large investors more than others. For example, as Santiment analysts found out, over the past couple of weeks, the volume of SKL wallets with a balance of 1 million to 10 million SKL (from ~ $ 330,000 to $ 3.3 million) jumped from 9.3% to 10.14% of all coins in circulation. …
Over the past week, SKL has gained just 0.4%, according to Nomic. However, in the last 24 hours alone, the altcoin managed to grow by almost 8%. In the case of MKR, analysts took the same price range in the MKR altcoin from 100 to 10,000 MKR. Here the increase was 1.33%.
Over the week, the price of MKR, on the contrary, collapsed by 5.8%. Over the past 24 hours, the altcoin has dropped by 3%. In the case of the Ocean project, the weekly increase in whales was the smallest – 0.06%. However, over the same period, the price of OCEAN increased by more than 13%, and over the course of a day, it even jumped by 14.5%.
Despite the differences in weekly percentage growth, since the beginning of November, all three projects have been recording capital inflows of large investors.
However, the same cannot be said for the other three projects that Santiment drew attention to. Analysts noticed that the Ren (REN) project actually experienced a “whale pump”, when the volume of large addresses jumped by ~ 2.3% in the tenth of November, and returned to its original values in early November.
A downtrend whale trend is also seen in The Graph (GRT) and Basic Attention Token (BAT) projects.
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