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Whales Fuel Ethereum-Based Altcoin Surge as Interest Skyrockets: Santiment Report

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“The soaring 832% rally in just two months has caught the attention of the largest mammals in the crypto ocean, as whales display a remarkable fascination for this Ethereum-based altcoin, signaling a potential shift in the market landscape.”

The crypto analytics firm Santiment has reported that whales are showing significant interest in Tellor (TRB), an Ethereum-based Chainlink rival. Tellor’s native asset witnessed 51 unique transactions worth over $100,000 on Monday, reaching a new all-time high. Despite its impressive gains of over 832% in the past two months, TRB is still down more than 43% from its all-time high in May 2021.

Santiment also notes that TRB’s unique active addresses and newly created addresses are both surging, indicating growing interest in the asset. Additionally, LINK, MATIC, APT, and AAVE are all experiencing their “best-performing de-couplings” of the year, as altcoins surge alongside Bitcoin’s resistance level break.

LINK is currently ranked 14th by market cap and is trading at $10.31. MATIC, ranked 13th, is worth $0.625, while APT, ranked 35th, is trading at $6.23. AAVE, ranked 41st, is valued at $83.31.

It’s important to note that The Daily Hodl, where this information was sourced from, does not provide investment advice. Investors are advised to conduct their own research and exercise caution when making high-risk investments in cryptocurrencies.

Source: Santiment / X

Disclaimer: This article is for informational purposes only and should not be taken as financial advice.

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