Santiment, a crypto analytics firm, has revealed in its new market report the altcoins that crypto whales have been accumulating over the past week.
According to the firm, the number of whales holding over 100 Yearn.Finance tokens have risen to 68. The figure stood at 64 as of the previous week.
Enjin (ENJ) the popular gaming token has also become a token of interest for whales this week. There are currently 91 holders of the crypto asset with over a million tokens. As of last week, the number was 84.
The whales are also stockpiling Crypto.com’s native asset CRO. Santiment reports that 2,591 individuals are holding over 10,000+ CRO tokens which is a 2.78% increase within a week.
Notably, popular Layer 2 scaling solution Polygon (MATIC), virtual reality platform Decentraland (MANA), and off-chain scaling solution Raiden (RDN) are the three altcoins that whales have been ditching in favor of cash or other crypto assets.
While MATIC’s whale holdings may be falling, its market performance along with other altcoins like ENJ, Theta Fuel (TFUEL), and XinFin (XDC), are outpacing other assets in the market, including Bitcoin.
However, Santiment also reports that Bitcoin supply is being gobbled by crypto whales. This could be an indication of a possible positive run for the leading crypto asset by market cap.