Altcoins With Major Whale Movement During This Dip

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brianq
Apr 20, 2021


When volatility strikes, as it has in the negative direction over the past 3-4 days, many traders tend to display a phenomenon known as "freezing up". This behavior is exactly how it sounds - traders don't want to make a mistake and buy into a downswing or sell into an upswing.


However, whales of many altcoins tend to become much MORE active when prices begin to rollercoaster wildly as they have been as Bitcoin dipped to $53k this weekend.


Here are three assets we see with major whale numbers rising this past week, and conversely, falling:



⬆️ Increasing Number of Whale Address


Ethereum ($ETH)

Ren Protocol ($REN)

Band Protocol ($BAND)



⬇️ Decreasing Number of Whale Address


Celcius ($CEL)


Litecoin ($LTC)


Storj ($STORJ)

RENBANDCELLTCSTORJ
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brianq
Apr 20, 2021

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6

Assets from this insight

Ethereum logo

EthereumETH

$ 2412.31

7.92%in last 7d
Ren logo

RenREN

$ 0.418689

21.15%in last 7d
Band Protocol logo

Band ProtocolBAND

$ 6.69

17.15%in last 7d
Celsius  logo

Celsius CEL

$ 6.99

8.12%in last 7d
Litecoin logo

LitecoinLTC

$ 163.43

5.46%in last 7d
Storj logo

StorjSTORJ

$ 0.926244

13.14%in last 7d

Conversations (6)

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socialtrends

2 months ago

are there numbers (amount of whales addresses) include or not the "exchange wallets"?

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brianq

Author
2 months ago

These numbers should include ALL tracked wallets that our data covers, including any exchange or non-exchange wallets. It simply uses our Supply Distribution data, and generally covers any addresses that hold at least $100,000 - $1,000,000 at minimum. ETH is an exception, and has higher criteria with it being such a large asset.

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<email hidden>

2 months ago

what it means ? increase is related with buy or sell ?

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brianq

Author
2 months ago

Generally, larger whale numbers getting into an asset is a promising sign that those with much at stake have increased confidence or knowledge in a future price rise!

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Ashley

2 months ago

If these numbers include exchange addresses, and these exchange wallets increase, would that not indicate exchange inflow with possibility of selloff??

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brianq

Author
2 months ago

Since there are both exchange and non-exchange addresses included in these top addresses, you'll generally see either an exchange inflow or outflow spike when there's a big move in new addresses. But whether the spike is bigger on the inflow or outflow side depends on the ratio of how many of these top addresses are exchange vs. non-exchange. And that varies asset to asset!