Crypto whales are acquiring three altcoins at a rapid rate while unloading three others, according to Santiment.
The crypto analytics firm notes that the number of addresses holding between 100,000 and 10 million Sushi (SUSHI) makes this group of whales owners of close to half of the asset’s total supply.
SUSHI is the governance token of the decentralized exchange SushiSwap. The 114th-ranked crypto asset by market cap is trading at $4.34 at time of writing.
Santiment says whales are also gobbling up BAND, the governance token for Band Protocol, a network that links smart contracts with real-world data. Addresses holding between 10,000 and 1 million BAND now hold a six-month high in the coin’s supply.
BAND, the 296th-ranked crypto asset by market cap, is trading at $4.60 at time of writing.
Additionally, large addresses have been accumulating UNI, the native token for decentralized crypto exchange Uniswap. Addresses holding between 10,000 and 1 million UNI now hold more than 10% of the asset’s supply for the first time.
UNI, the 33rd-ranked crypto asset by market cap, is trading at $11.23 at time of writing.
On the flip side, whale addresses appear to be selling Aragon (ANT), Chainlink (LINK) and OMG Network (OMG), according to Santiment.
Aragon is a decentralized governance platform on the Ethereum blockchain. The project’s native token, ANT, is trading at $6.28 at time of writing.
Chainlink is a decentralized oracle network. LINK, the 22nd-ranked crypto asset by market cap, is trading at $17.07 at time of writing.
OMG Network is an enterprise solution for secure and fast transfers on Ethereum. The project’s native token, OMG, is trading at $4.88 at time of writing.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/prodigital art/Natalia Siiatovskaia