Behavioral analysis platform Santiment tweeted about recent whale transactions on altcoins network
In a recent tweet from Santiment, a blockchain analytic firm, whales have shown interest in altcoins such as Polygon (MATIC), and Fetch.Ai (FET). Many altcoins have experienced several whale transactions recently. Polygon (MATIC), and Fetch.ai (FET) have both seen a transaction valued over $40 million on their networks.
Large investors of an asset are described as the Whales. They have always had a significant role in the crypto market due to their immense buying power and capacity to influence power action.
The tweet also added that investors and traders should also keep an eye on Decentralized (MANA), DIA, Immutable (IMX), and the Sandbox (SAND) after they witnessed some big whale moves as well.
On Friday, the global crypto market cap increased by 2.87%. As of press time, the market cap was at $1.18 trillion, while the total cryptomarket volume was down 17.89% to $55.27 billion in the last 24 hours.
The total volume in DeFi stood at $4.27 billion , 7.91% of the total crypto market volume.
With a lower broader crypto market, Polygon (MATIC) has seen a nearly 3% loss in this week.
