According to Santiment data, yearn.finance (YFI), UMA (UMA), Maker (MKR), Polygon (MATIC), Aragon (ANT) and Kyber Network Crystal (KNC) are growing despite the fluctuations in Bitcoin (BTC) price.
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The Santiment analytical center has published statistical data on the development of the situation in the cryptocurrency market. This time around, key altcoins such as YFI, UMA, MKR, MATIC, ANT and KNC are in focus. These altcoins in particular have continued to grow despite the recent Bitcoin price fluctuations. The increased interest of traders in these altcoins also contributed to the positive indicators of their growth. Recall that last week, Bitcoin was subject to sharp price fluctuations in the $33,000 to $36,000 range. The resulting situation has drawn the attention of many traders to altcoins.
In particular, traders evaluated them as the most profitable option in terms of market situation and offers. Still, Santiment reports that the increased volume and activity of many assets that were exposed to strong negative market trends just a month ago are now showing encouraging signs again.
There is also an interesting situation with market whales. So the number of whales with this high growth rate is undergoing a change. Santiment’s article looks at which altcoins are boosting their holdings and which are emptying their bags. For example, dwindling whale addresses include entities like Polygon ($MATIC), Aragon ($ANT), and Kyber Network ($KNC).
The increasing number of whale addresses was shown as Yearn Finance ($YFI), Uma ($UMA) and Maker ($MKR).
Also, Santiment said it has identified the number of whale addresses that correspond to the $100,000 or $1 million threshold, depending on the specific asset. They added that this is not a measure of volume, so it is possible to measure the raw number of addresses or percentage of supply of whales at any given time.