Skip to main content

Leading analytics firm Santiment says the recent digital asset market uptick has been accompanied by a spike in crypto whale activity.

Santiment notes that whales on the Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Chainlink (LINK) networks have all hit their highest activity levels in the past six months.

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.”

Image
Source: Santiment/X

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.

Santiment also notes that Ethereum competitor Solana (SOL) is receiving a lot of attention online as the crypto asset prints an 18-month high.

“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.”

Image
Source: Santiment/X

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.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney




Source link

admin

Author admin

More posts by admin
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments