Santiment, a blockchain intelligence company, recently observed a notable increase in whale activity against several digital currencies.
and recent tweets, more than $10 million worth of migrations were observed, making it one of the top three whale migration days of the year. Notable projects with increasing whale activity include Polygon (MATIC), Chiliz (CHZ), Curve DAO Token (CRV), and Tether USD (USDT).
Image Source: Santimento
Big Swimmers: MATIC, CHZ, CRV, USDT
Curb DAO Token It suffered a similar fate to several other altcoins, losing money over the weekend.As of the latest report, CRV is priced at $0.7655, increased by 2.69% over the last 48 hours. The altcoin saw a 10.02% increase in daily trading volume, reaching $59 million.
Polygon (MATIC)has not escaped losses despite taking the lead in terms of whale activity. MATIC trading hours $0.7658 At time of writing after recording 2.66% growth over the last 24 hours.
Chiliz (CHZ)The sports and entertainment fan engagement platform experienced a slight dip. In the last 24 hours, the CHZ price has fallen to his. $0.0761, decreased by 0.44%. Cryptocurrencies performed better than BTC and ETH. However, Chiliz has strengthened its global position through partnerships with some of the world’s most prestigious sports bodies such as FC Barcelona, Juventus, Manchester City and Paris Saint-Germain.
Tether USD (USDT), in contrast, the market capitalization increased slightly. At the time of the report, USDT has a market capitalization of $83,315,439,273, up 0.09% over the past 24 hours. The stablecoin temporarily lost its peg to the dollar this week, dropping to daily lows. $0.9995. However, it quickly regained its footing and was trading at $1 at the time of reporting.
In the recent movement, Tether, the issuer of the stablecoin USDT, forged Strategic alliance with the Government of Georgia. A Memorandum of Understanding (MoU) was signed between the two to facilitate the development of Bitcoin and the country’s peer-to-peer (P2P) infrastructure.
This collaboration aims to establish an essential foundation for Georgia’s vibrant startup ecosystem. The partnership aims to foster the growth of his P2P technology at the state level by attracting global attention and investment in the decentralized space, as well as fostering the creation of related financial tools.
Whale activity suggests possible change
Although these digital currencies have not experienced significant gains, increased whale activity could portend major changes in market dynamics. The strong ties between these cryptocurrencies and major global initiatives reflect the ever-growing influence of the cryptocurrency sector.
Altcoin Giant Sees An Unprecedented $10M+ Whale Move: The Santiment article first appeared on MetaNews.