Two Ethereum-based altcoins are experiencing a surge in whale activity, according to market intelligence platform Santiment. The altcoins in question are Optimism (OP) and Chiliz (CHZ), both of which have seen an increase in deep-pocketed investor activity as the broader market bounces back. Santiment suggests that this rise in whale activity could indicate major volatility and reversals for these altcoins. Optimism is currently trading at $2.80, up over 1% in the last 24 hours, while Chiliz is trading at $0.12, up 1.3% in the same period. Santiment also notes that Ethereum is generating the most buzz on social media platforms, particularly due to expectations of an Ethereum exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission. Additionally, market intelligence firm IntoTheBlock reports that the recent rally has put 90% of ETH holders in profit. At present, Ethereum is trading at $3,715, up 8.7% in the last 24 hours.
Latest
Two Ethereum-Based Altcoins Witnessing Abrupt Surge in Whale Activity Amid Marketwide Bounce: Santiment
