Which assets to keep an eye on based on recent whale movement, according to analysis house


Monitoring the behavior of whales (large investors) is an effective method for traders to find points where assets may be about to experience a price hike or, alternatively, an eviction.

As the cryptocurrency market is this ocean where sardines, whales and other agents of the ecosystem move transparently; below, the analysis company sanctity highlighted three projects with whales accumulating and three with whales getting rid of their coins:

Whales accumulating coins

Skale ($SKL)

SKALE(SKL) is an Ethereum token that enables the Skale Network, which describes itself as “an Ethereum compatible network with a leaderless consensus created to run on an unlimited number of independent nodes”.

The SKL token is trading at US$0.30 at this time, according to CoinGoLive.

THE END OF THE REAL BANNER
SKL address holders: 1 to 10 million – Source: Santimet

Maker ($MKR)

The Maker (MKR) is the governance token of the MakerDAO and Maker protocol — being respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the stablecoin DAI.

The MKR token is trading at $2,791 at the moment, according to CoinGoLive.

100 to 10 million MKR address owners – Source: Santiment

Ocean ($OCEAN)

Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20-based datatokens.

The OCEAN token is trading at $1.23 at the moment, according to CoinGoLive.

from 1 to 10 million OCEAN address holders – Source: Santiment

Whales scrapping coins

Ren ($ REN)

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

The REN token is trading at US$0.86 at the moment, according to CoinGoLive.

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many DeFi applications and the broader Web3 ecosystem.

The GRT token is trading at $0.86 at this time, according to CoinGoLive.

Basic Attention Token, or BAT, is the token that drives a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while offering advertisers a better return on the amount spent on advertising.

Read too: Will Google’s competitor project token continue to take off?

The BAT token is trading at $1.33 at this time, according to CoinGoLive.

Follow the news from the crypto market on the Cointimes Telegram group (access) and do not let any movement of the whales in the cryptocurrency market go unnoticed.

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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