Here are the altcoins that crypto whales accumulate

Whales are aggressively accumulating Aave (LEND), Ren (REN) and 0x (ZRX), according to crypto-analytics company Santiment.

Santiment uses an indicator that examines the amount of tokens held by top non-exchange holders known as whales.

The company commented,

“A few weeks ago, we published an article on the three ERC-20 coins, showing the biggest trend of accumulation by their top non-exchange holders, also known as whales. And their price action since then? LEND + 130%, REN + 120%, ZRX + 10%. For better or worse, the crypto is still a playground for whales. “

Aave is an open source unprotected protocol designed to enable money markets. Ren provides blockchain liquidity for decentralized applications. ZRX is an open protocol designed to optimize peer-to-peer transactions on the Ethereum blockchain.

Based on three of their popular indicators, Santiment has a slightly bullish / neutral short-term forecasts for Bitcoin purely neutral outlook for Ethereum in the near future. While the first two market capitalization assets went through a very inactive month, Santiment shows that some altcoins have begun to show separation from the largest cryptocurrencies.

The company said

“It’s pretty obvious that both Bitcoin and Etherium went into a lull in June, and so the rest of the altcoins (especially the DeFi projects) show which ones have individual values ​​without the help of the top two market capitalization projects to pull them off. “