Santiment: “Ethereum and Two Other Popular Altcoins Show Positive Signs Despite Market Fluctuations”
Santiment recently reported that the supply of Shiba Inu (SHIB), Chainlink (LINK), and Ethereum (ETH) held by the top 10 whale wallets on cryptocurrency exchanges has decreased significantly since May 27th.
Despite the volatility in Bitcoin (BTC) affecting the altcoin market, investors have been facing heavy losses. However, after the all-time high in March, Santiment provided a positive analysis for three well-known altcoins.
The data showed a decrease of 2.4% for SHIB, 2.9% for LINK, and 8.6% for ETH in the holdings of the top 10 whale wallets on exchanges since May 27th. Santiment interpreted this as a bullish signal and a long-term investment strategy, indicating that the whales of SHIB, LINK, and ETH are opting to hold onto their assets rather than selling at a loss.
This decrease in supply is seen as a positive sign for investors anticipating a price increase in the future. Santiment’s analysis is not investment advice, but it highlights a potential opportunity for traders. To explore investment options in over 300 cryptocurrencies, consider registering with Binance exchange for a 20% commission discount. Stay updated with exclusive news and data by following Santiment on Telegram and Twitter.
