Crypto Whales Quietly Stock Three Altcoins According To Santiment

Crypto whales quietly stock up on three altcoins according to the analytics company Santiment, especially given the data from the week before so let’s read more in our altcoin news today.

Crypto whales quietly stock up on Yearn.finance’s YFI token whose number of whales holding 100+ of the coin stands at 68, marking an increase of 64 from the previous week.  The Enjin Coin ENJ gaming token is the subject of the renewed whale interest over the past week as per Santiment’s data. There are 91 ENJ holders with more than 1 million tokens which is an increase from 84 from the previous week and in addition, Santiment noticed that the whales are accumulating Crypto.com’s native CRO Token at a fast pace.

Santiment’s data shows that on March 3^rd, 2591 individuals hold 10,000 CRO tokens which represents an increase of almost 3 percent in a span of one week. The three altcoins that the whales are pouring their money in are also the layer 2 scaling solution MATIC, MANA, and Raiden’s RDN. Although MATIC’s whale population is dropping, Santiment reported that the scaling solution along with Theta Fuel, ENJ and XinFin are outperforming most of the market and what’s even more interesting, they are outperforming BTC as well.

Some altcoins are outpacing BTC as of late and Santiment told its Twitter followers that the crypto whales started eating up on the BTC supplies, prompting a major run-up for the biggest crypto asset by market cap.

Speaking of good-performing crypto assets, we reported that According to the host of Coin Bureau, one small-cap altcoin looks the most promising for 2021. LIT is the 186^th ranked cryptocurrency by market cap and it is trading at $8.69 at the time of writing, having dropped 23.7% in the past week as per the CoinGecko. The protocol is built on Substrate and it is designed to perform a decentralized identified DID aggregation, credit calculation, grading, verification, and more, according to the Lite Paper.  The analyst said that Litentry has the ability to resolve problems emerging in the decentralized finance space by offering similar identity-based verifications in the ecosystem. LIT is able to verify the unique identity of wallet addresses and offers plenty of other services that centralized finance relies on.