Whale Watching - Projects Showing Top Holder Accumulation or Dumping Behind the Curtains

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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)

SKLSUSHICELRDNYFI
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brianq
May 8, 2021

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

7

Assets from this insight

Bancor logo

BancorBNT

$ 4.08

1.90%in last 7d
SKALE Network logo

SKALE NetworkSKL

$ 0.367352

15.41%in last 7d
SushiSwap logo

SushiSwapSUSHI

$ 11.39

5.14%in last 7d
Celsius  logo

Celsius CEL

$ 5.65

2.11%in last 7d
Raiden Network Token logo

Raiden Network TokenRDN

$ 0.634655

8.90%in last 7d
yearn.finance logo

yearn.financeYFI

$ 35131.03

3.82%in last 7d

Conversations (7)

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Paulo

5 months ago

Thank you, Brianq.

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Paulo

5 months ago

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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<email hidden>

5 months ago

SUSHI whales are dying?

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Dcckolin

5 months ago

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....

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brianq

Author
5 months ago

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.

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kno1famous

5 months ago

Makes sense

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kno1famous

5 months ago

Thanks for sharing