New data from trading information firm Santiment reveals that an altcoin that has seen massive gains this year is rife with whale activity.
In a new thread on social media platform which has increased by 20,000% since the start of the year. – is one of the leaders in terms of whale activity.
Santiment also claims that wealthy investors are taking steps to accumulate 10 digital assets, including VIRTUAL, during the latest crypto market crash.
“Despite significant crypto corrections this week, several altcoins are making very large whale moves that indicate potential buying on the dips.”
Other notable altcoins on the list include stablecoin issuer Usual (USUAL) and its stablecoin Usual USD (USD0), decentralized betting platform Gnosis (GNO), decentralized finance (DeFi) project Aave (AAVE), as well as the meme asset Floki (FLOKI). .
VIRTUAL is trading at $2.74 at the time of writing, a gain of almost 20% on the day. On December 16, it peaked at $3.34 while a year ago it was hovering around $0.013.
Moving on to the leading crypto asset by market cap, Santiment says Bitcoin’s (BTC) latest drop to under $100,000 has caused a “buy the dip” mentality among investors.
“As Bitcoin falls to $95,500 today, the ratio of crypto discussions to buying the crypto dip has reached its highest level in over eight months. The last time we saw a crowd this enthusiastic about buying dips was during the major crash on August 4th. Since then, Bitcoin’s market capitalization has increased by 81%.
Bitcoin is trading at $97,006 at the time of writing, down slightly over the past 24 hours.
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Featured image: Shutterstock/wacomka/Andy Chipus
