- Santiment revealed in a tweet yesterday that whale activity for many projects spiked yesterday.
- The intelligence firm shared that many cryptos recorded transfers worth more than $10 million.
- CHZ, CRV, USDT and MATIC led the way in terms of whale transactions in the past 48 hours.
Santiment, the blockchain intelligence firm, shared in a tweet yesterday that there has been a notable increase in whale activity for many projects over the past week. The post added that several cryptos saw transfers worth more than $10 million yesterday alone.
Santiment noted that the significant whale activity witnessed yesterday propelled it to become one of the top three days with the highest whale movement this year. The firm also revealed that Polygon (MATIC), Chiliz (CHZ), Curve DAO Token (CRV), and Tether USD (USDT) led the way in terms of whale activity yesterday.
At press time, MATIC was trading at $0.6196 according to CoinMarketCap. This was after the altcoin printed a 3.55% loss over the past 24 hours. This price drop also saw the altcoin weaken against the two market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, MATIC was down 2.84% against BTC and 2.11% against ETH.
CHZ also printed a 24-hour loss, which brought its price down to $0.07371 – a 3.22% drop over the last day. The crypto was also outperformed by BTC and ETH, and was down 2.54% against the leading crypto and 1.80% down against the largest altcoin by market cap.
CRV experienced the same fate as CHZ and MATIC, and printed a loss over the past day of trading. At press time, MATIC’s price stood at $0.669 following a 2.36% drop. The altcoin did, however, see a 4.40% increase in its daily trading volume. As a result, the total 24-hour trading volume for CRV stood at $32,904,988.
Lastly, USDT saw a slight increase in its total market cap. At press time, USDT’s market cap was $83,326,848,737, which was a 0.13% increase over the past 24 hours. The stablecoin had lost its peg to the Dollar briefly in the last day and reached a daily low of $0.9995. Since then, however, USDT has re-pegged to the fiat currency and was trading at $1.
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