Global #Whales

Render (RENDER) has experienced a significant surge in price, outperforming both Bitcoin and Ethereum in recent weeks. This bullish momentum is largely attributed to the accumulation of RENDER tokens by large holders, known as whales.

The Ethereum ecosystem is witnessing a notable shift as long-term holders, particularly whales, begin to offload their assets. This trend coincides with the Ethereum Foundation's ongoing selling spree, raising questions about market dynamics and future price movements.

Crypto miners have increasingly emerged as pivotal players in the cryptocurrency landscape, wielding significant influence over market trends.

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.

Santiment, a market intelligence platform that provides on-chain and social metrics, has identified a growing bullish sentiment among most major cryptocurrencies. Bitcoin and Ethereum are showing signs of approaching their all-time highs (ATH), and large-volume investors, known as whales, are exhibiting market behaviors that align with this positive outlook.

The price of Dogecoin (DOGE) has increased by 3.5% over the past 24 hours, reaching $0.1515, coinciding with a 2.5% climb in the overall crypto market today.

PEPE's recent price decline might actually be setting the stage for a potential upswing, especially considering the behavior of whales and the overall market sentiment.

According to data from Santiment, the number of whales holding Polygon (MATIC) tokens has increased over the past month, despite a significant drop in the token's value.

Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset's long-term prospects.

Over the past few weeks, prominent cryptocurrency investors, also referred to as "whales," have been adding over $500 million worth of Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, to their holdings.

Recent days have witnessed a spike in turbulence in the always changing cryptocurrency market, making it difficult for popular altcoins like Bitcoin to stay stable. Among them, MATIC, the native token of Polygon, has fallen by almost 2% in the last day alone, demonstrating that it is not immune to the negative impact.