Popular on-chain data provider Santiment said that whales have been very active in the three most popular altcoins of recent times. Santiment shared on Twitter that since the beginning of 2023, whale activity in Litecoin (LTC), Decentraland (MANA) and Aave (AAVE) has increased since the beginning of 2023.
Considering the altcoins one by one, Santiment stated that AAVE, the 40th largest cryptocurrency by market capitalization, has seen an increase of more than 1,100% in the number of transactions with a value exceeding $ 100,000 from the beginning of the year; In LTC, the 14th largest cryptocurrency by market value, there has been an increase of over 75% in transactions exceeding $100,000 since the beginning of the year; Finally, he stated that he has seen an increase of over 871% at the transaction level exceeding $ 100,000 since the beginning of the new year, in MANA, the 39th largest cryptocurrency by market capitalization.
“As market-wide pumps have flattened out for now, several #altcoins continue individual runs. $AAVE (+1,100%), $MANA (+871%), and $LTC (+75%) are up big on $100k+ transactions Since New Year’s. Watch how the increase in whale engagement impacts prices.”
Although there have been decreases in the market, especially Bitcoin, in the last 24 hours, since the beginning of the year, Aave has increased by over 50%, Litecoin by about 20%, and Decentraland by over 100%.