Crypto Whales Are Rapidly Accumulating Two Ethereum-Based Altcoins, According to Analytics Firm Santiment
A leading analytics firm says that deep-pocketed crypto investors are rapidly loading up on two tokens issued on the Ethereum (ETH) blockchain.
Santiment says that crypto whales are gobbling up Kyber Network (KNC), a blockchain-based exchange that aims to aggregate liquidity and facilitate instant swaps between ERC-20 tokens, all without the involvement of any middlemen.
According to the intelligence firm, whales continued to accumulate KNC despite its sustained downtrend that saw the token lose over 40% of its value in less than three months.
“Kyber Network whales have accumulated rapidly over the past three months, with key wallets holding one million to 10 million KNC adding 20% of the supply to their holdings since July 31st. The last time this kind of accumulation was seen, KNC grew +67% in six months.”
