Whale behavior tracking continues to be an effective method for traders to find spots where assets may be about to go on a price tear, or alternatively, a dump. Below, we've highlighted three projects with accumulating whales (in their key respective high stakeholder trading address size tiers), and three with dumping whales:
⬆️ Increasing Number of Whale Address
Skale ($SKL) - 1m to 10m SKL Address Holdings
Maker ($MKR) - 100 to 10k MKR Address Holdings
Ocean ($OCEAN) - 1m to 10m OCEAN Address Holdings
⬇️ Decreasing Number of Whale Address
The Graph ($GRT)
Basic Attention Token ($BAT)
Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.
We love to look at different ways to gauge which assets may be under the radar and ready to pump. At the time of this writing, altcoins are pumping hard against Bitcoin once again, just a few days after a market-wide dump that saw retracements all over the map.
For this list, we've put together five charts that show a rising gap between overall daily address activity (high orange lines are generally a good sign), and daily active deposits (low pink lines are generally a good sign).
Ethereum ($ETH) - #2 Market Cap Asset
Maker ($MKR) - #35 Market Cap Asset
Enjin Coin ($ENJ) - #57 Market Cap Asset
Decentraland ($MANA) - #59 Market Cap Asset
Basic Attention Token ($BAT) - #66 Market Cap Asset
- XYM - https://cryptopotato.com/nems-symbol-xym-platform-finally-launched-after-delays/
- Morgan Stanley - https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html
- BAT, FIL - https://www.coindesk.com/grayscale-offers-new-trusts-to-invest-in-five-more-cryptos-including-filecoin-chainlink
- VISA - https://cryptobriefing.com/visa-planning-enable-cryptocurrency-transactions/