References:

• EOS - https://www.bloomberg.com/news/articles/2021-05-11/thiel-backed-block-one-injects-10-billion-in-crypto-exchange
• Tesla - https://twitter.com/elonmusk/status/1392030108274159619

As we've done in previous weeks, we're continuing to keep an eye on which projects are seeing notable movement from their respective whale addresses. Watching which assets are seeing a growing amount of addresses worth $100,000 or more can give a great indication into future price pumps and dumps.

Below, we've listed three projects with notable rises in whale numbers, as well as three with notable drops:

⬆️ Increasing Number of Whale Address

Bancor ($BNT)

Skale ($SKL)

Sushi ($SUSHI)

⬇️ Decreasing Number of Whale Address

Celcius ($CEL)

Raiden ($RDN)

Yearn Finance ($YFI)

Taking a look at our Whale Holders Distribution model, we're seeing some interesting trends with where major holders are accumulating funds. Let's review which coins are rising with more whales, and which are seeing their numbers drop off:

This Sansheets model above, available for our Sanbase PRO members, quickly lets us investigate which projects have seen the highest increase and decrease in whale numbers over the past week (indicated in blue).

More Whale Addresses

Yearn Finance ($YFI)

Enjin ($ENJ)

Crypto.com ($CRO)

Less Whale Addresses

Matic ($MATIC)

Decentraland ($MANA)

Raiden ($RDN)

References:

iota - https://blog.iota.org/together-iota-and-dell-technologies-demonstrate-project-alvarium/

mastercard - https://www.bloomberg.com/news/articles/2021-02-10/mastercard-to-allow-some-cryptocurrencies-in-digital-asset-boom