Crypto data provider Santiment identified three altcoins that saw a growing whale population. As Santiment points out, whales who have a large share of market capital significantly influence cryptocurrencies and can ultimately determine the next move of a market price.

Using the new “Whale Catcher Distribution Sansheets Model,” Santiment chose REN as an increasingly popular target for crypto whales. Altcoin ranks 60th in terms of market value at the time of writing and is trading at $ 0.83 (25% increase in the last 7 days). According to Santiment, the number of whales with a minimum of one million REN increased by about 15% from 81 to 93 in 48 hours. The firm stated that the increasing number of whales contributed to the REN’s surge in price on February 5th.

The BAND protocol also has an increasing whale density (addresses with more than 10,000 BANDs). As Santiment analyzed, the whale addresses of the BAND protocol increased from 49 to 82 in just under four months. Santiment added that the increase in whales coincided with the increase in value of the Chainlink competitor. In the same period, the BAND price also increased. BAND is currently trading at $ 12.90 (up 7% in the last 7 days) and ranks 103rd by market capitalization.

Another crypto currency that has been on the agenda in recent weeks is AAVE (14th place according to market value). In DeFi token, it is seen that the intense interest of whales continues. The rise to $ 494.50 (at the time of writing) since January 01, when the Ethereum-based DeFi token was priced at $ 83.50, was impressive. As Santiment’s data show, whales may have played an important role at this point. Last month, the number of whales holding at least 1,000 tokens increased from 266 to 339.

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In addition to these, currently Binance Coin (BNB), Yearn Finance (YFI) and Celsius (CEL) are among the losers in terms of whale addresses. Binance Coin’s addresses with more than 10,000 tokens have dropped from 154 to 147 in the last 3 days alone. Yearn Finance, darling of the DeFi community at the end of 2020, according to Santiment; Other top DeFi cryptocurrencies such as Aave, Sushi, Uniswap and Compound are struggling to keep up with the growth. The number of addresses with at least 100 YFI tokens has dropped from 43 to 39 in the last 3 days. Celsius whales are also seeing a “big drop”. While a year ago there were 156 addresses with at least 100,000 CELs, a week ago this number reached 86 and now there are only 79 addresses.


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