Crypto Whales Are Accumulating One Altcoin at Rapid Rate, According to Analytics Firm Santiment

Crypto Whales Are Accumulating One Altcoin at Rapid Rate, According to Analytics Firm Santiment


The crypto analytics firm Santiment says one altcoin’s ascent appears to be fueled by crypto whales.

In a new report, Santiment says that while Ren Protocol (REN) was slowly ascending in January of 2021, certain metrics behind-the-scenes indicated that the altcoin would soar to new heights down the road.

The interoperability blockchain liquidity asset has since made new highs this week, soaring past $1.

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According to Santiment’s findings, this February rise is in part due to Ren accumulation by whale addresses holding 1 million or more Ren.

Data shows that there was a steep increase in Ren whale holders starting from the end of January into mid-February.

Source: Santiment

Additionally, Santiment reports that the number of unique Ren addresses holding any amount of the token has also been steadily climbing upward, especially over the past month.

Also over the course

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