Smart Money Whales has accumulated over $ 2,664,000,000 for an altcoin: Crypto Insights Firm Santiment

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Crypto analysis firm Santiment claims that deep-pocketed crypto investors have racked up a lot of a large-cap altcoin as markets experience price declines.

Santiment tells his 117,000 Twitter followers that whales, or wallet holders containing between one million and 10 million XRP, have racked up over 19 million more from the eighth largest cryptocurrency in the past three months.

XRP currently sits at around $ 0.81, but smart money whale millionaires have maintained their one-year tendency to rack up more supply. Addresses with 1 million to 10 million XRP hold 3.31 billion, including a 6% increase in their holdings over the past three months.

Source: Santiment / Twitter

XRP is trading at $ 0.81 at the time of writing, indicating that smart currency whales now hold over $ 2.66 billion in XRP.

Santiment also has its eye on Ethereum (ETH). Lowering Ethereum’s transaction fees could encourage users to participate in the network, according to the analyst.

“Now we may be seeing a new wave of interest in ETH spurred by lower barriers to entry. New addresses interacting with ETH have the same (diverging) pattern.

It’s early to tell, but could it be a sign of a renewed fundamental force for the second largest piece? “

Source: Santiment

Looking at Bitcoin, the cryptocurrency analyst says a bullish signal could loom in its fearful and skeptical market. According to Santiment, traders’ sentiment suggests that BTC is already building up support.

“With Bitcoin temporarily falling below $ 48,000, trader sentiment has now fallen into bearish territory as people are now becoming skeptical of a return to mid-November prices. Historically, negative sentiment is a harbinger of a low BTC price. “

Source: Santiment / TwitterCheck Price Action Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling 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 / Tithi Luadthong / Natalia Siiatovskaia

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