Massive Whale Activity for Ethereum-Based Altcoin Suggests Big Breakout Incoming: Santiment
crypto Ethereum Massive Whale Activity for Ethereum-Based Altcoin Suggests Big Breakout Incoming: Santiment 13 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Booming crypto whale activity in one altcoin built on Ethereum (ETH) is hinting at a major trend reversal, according to blockchain analytics firm Santiment. Santiment says that Maker (MKR), a well-established decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans, has seen its largest whale transaction in more than three months. At time of writing, MKR is up over 4% in the last 24 hours, currently trading at $772.91. Santiment says there‘s another bullish sign flashing in the crypto markets. According to the firm, dormant TrueUSD (TUSD) coins are suddenly on the move as the stablecoin’s supply on crypto exchanges has hit its highest level in nearly two years. Dormant coins are crypto assets that have stayed inactive for a long time. Santiment says such sudden movement in stablecoins usually bodes well for the crypto markets. Santiment also reports that Bitcoin (BTC) and Ethereum traders are closing their positions at a loss over the last few days, a trend that the firm says usually precedes a market bottom.