Whale Watching - Projects Showing Top Holder Accumulation or Dumping Behind the Curtains
brianq
May 8, 2021
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)
Assets from this insight
BancorBNT
$ 4.08
1.90%in last 7d
SKALE NetworkSKL
$ 0.367352
15.41%in last 7d
SushiSwapSUSHI
$ 11.39
5.14%in last 7d
Celsius CEL
$ 5.65
2.11%in last 7d
Raiden Network TokenRDN
$ 0.634655
8.90%in last 7d
yearn.financeYFI
$ 35131.03
3.82%in last 7d
Paulo
Thank you, Brianq.
Paulo
It would be great if you guys could also post the link for the chart, so we can see the same data as you guys posted. Thanks!
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SUSHI whales are dying?
Dcckolin
I feel that it happened right the opposite, especially with $YFI. It went from 30k to almost 91k.... so the decreasing number of whale addresses is not a really good indicator....
brianq
Author
Generally, when major whale activity happens, this implies an increased amount of volume and utility at least temporarily. When increased volume occurs, there is generally a temporary lift (regardless of whether whales or accumulating or dumping) before an inevitable larger downswing if the whales are dispersing their assets to lower addresses buying at the top.
kno1famous
Makes sense
kno1famous
Thanks for sharing