Leading analytics firm Santiment says the recent digital asset market uptick has been accompanied by a spike in crypto whale activity.
Explains the analytics firm,
“There may be a bit of profit-taking happening to end the week, but this doesn’t necessarily signal that tops are imminent.”
BTC is trading at $37,388 at time of writing. The top-ranked crypto asset is up by nearly 8% in the past seven days.
ETH, the second-largest crypto asset, is trading at $2,084 at time of writing and is up nearly 14% in the past week.
ADA is trading at $0.379 at time of writing. The ninth-ranked crypto asset by market cap is up by more than 16% in the past seven days.
LINK is trading at $15.43 at time of writing. The 12th-ranked crypto asset by market cap is up more than 35% in the past week.
“Discussion rates on SOL have again spiked, indicating the mainstream crowd recognizes the asset’s decoupling from other assets. Funding rates are high, but not in a ‘danger zone’ yet.”
SOL is trading at $56.59 at time of writing. The seventh-ranked crypto asset by market cap is up more than 43% this week.
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