Whales are increasingly buying UNI and CRO dip dips
Smart money, controlled by institutional investors and fish, experienced volatility over Christmas. The group of whales rallied Uniswap (UNI) and Crypto.com (CRO) when the price fell.
The number of UNI and CRO whales has skyrocketed
The fact that whales hold or buy large amounts of coins affects the volatility of altcoin prices. Analysts at the crypto intelligence company Santiment have observed an increase in the number of whale addresses.
Whales collect CRO, the token of the Crypto.com exchange. These addresses contain between 100,000 and 10 million CRO.
CRO price table | Source: Antiment
Crypto.com’s purchase of the naming rights to the Los Angeles sports arena caused Wale to amass CRO.
Meanwhile, Uniswap, a DeFi protocol that supports cryptocurrency transactions, was one of the projects that saw a massive price spike in the first half of 2021.
Ethereum Layer 1’s scaling solutions saw an upturn over the Christmas holidays. Altcoin analyst Sherpa believes the altcoin rally has started.
(Yes, I know it’s Christmas, but I can’t turn my brain off) pic.twitter.com/SQ8CVzTpXU
– Altcoin Sherpa (@AltcoinSherpa) December 26, 2021
“The price for ETH and other Layer 1 protocols (SOL, AVAX, NEAR) is reversed and breaks old thinking.”
Since the launch of Uniswap on the Polygon network, the network’s on-chain activity has increased significantly. 99.3% of Uniswap owners voted for the proposal to include Uniswap V3 in Polygon.
In addition, a $ 20 million fund was raised to accelerate the Uniswap rollout on the Polygon network. This has caused Uniswap’s price to skyrocket. With whales continuing to buy the dip, analysts predict a rally at both UNI and CRO.
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