Altcoins that have attracted the attention of whales during the recent market downturn
Experts from the analytics company Centiment tracked the number of "whale-scale" wallets on Altcoin's large networks and found that over the past week, four digital currencies have received special attention from whales.
Polygon (formerly Matic Network), Ren (REN) digital currencies were aggressively bought from the Ren, Cyber Network (KNC) and Binancecoin(BNB) protocols at the Bainance digital currency exchange.
Analysts interpret the trend as a clear indicator of whales' confidence in the positive short-term and medium-term outlook for these popular altcoins.
As previously reported by U.Today, China Link Whales (LINK) are also steadily increasing their positions despite short-term price fluctuations.
In total, buyers have invested more than $ 2.37 billion in digital currency exchanges to buy digital currencies. According to Glassnode, this is the second significant Tetra liquidity flow in the history of digital currencies.
Dogecoin (DOGE) and Ripple (XRP) had the worst performance among the top 20 currencies in terms of market value during the recent sudden collapse.
Meanwhile, Shiba Inu tokens have risen 13.3% and Monroe (XMR) 9.4% in the last 24 hours.