LTC, BUSD, CRV, CVX, and SRM See Increase in Accumulation

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LTC, BUSD, CRV, CVX, and SRM See Increase in Accumulation

Recent data released by the blockchain analysis firm, Santiment, shows how whales are slowly accumulating Litecoin (LTC).

Broader whale behaviors have been varying when it comes to accumulating certain crypto assets over this eight-month slide that saw large cryptos, such as Bitcoin (BTC) and Ethereum (ETH), decline from their all-time highs.

According to Santiment, sive assets that have seen an uptick in accumulation and activity are LTC, BUSD, CRV, CVX, and SRM.

Litecoin (LTC) whale transaction count (Source: Santiment)

Whale transactions started picking up for LTC around 6 weeks ago, and happened in tandem with a major rebound of just under 50+%. This activity has not simmered at all as LTC transactions are still happening at a much faster rate than they were in the first half of June.

Serum (SRM) whale transaction count (Source: Santiment)

When looking at SRM, the last few weeks saw a few big spikes of $100k+ transactions. At the moment it seems like whales are prioritizing accumulating on bottoms which could mean that these whales are very interested in adding more to their bags.

Binance USD (BUSD) whale transaction count (Source: Santiment)

The world’s largest exchange, Binance’s native token is also seeing an increase in action very similar to when crypto prices were enjoying some relief in the third week of June.

Convex (CVX) whale transaction count (Source: Santiment)

The increase in activity for CVX cane in a massive bunch barely a single week ago. In addition to this, the price of CVX has also risen more than 35%.

Curve DAO Token (CRV) whale transaction count (Source: Santiment)

CRV has been a hot topic throughout June and the early week of July. The crypto has been seeing month-high spikes in whale transactions as the price started to gain some momentum over the last week. Ever since its mammoth spike on July 1, the price of CRV is up more than 37%.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.


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