Several Altcoins Have Encountered Increase Whale Activity

• Binance transferred 122,769 LTC to an unknown wallet.
• Investors consider Litcoin as the promising one for the short term.

Santiment, the crypto-analyzing firm, tweeted that many Altcoins have experienced several transactions recently. Some are the biggest transaction of the year for the respective networks.

According to the tweet, Fetch.ai (FET) and Polygon (MATIC) have both seen transactions valued at over $40 million on their respective networks. Additionally, they mentioned that investors should keep an eye on Decentraland (MANA), DIA, Immutable (IMX), and Sandbox (SAND) after their big whale moves as well.

Whale Alert’s Report on Altcoin Transactions

Recently Whale Alert, the crypto transaction analyzer and tracker, reported that there are 21,417 Ethereum (ETH), which is known as the first Altcoin transferred from an unknown wallet to Coinbase. And also, there are 166 million USTD transferred from Tether Treasury to the crypto exchange Binance. 

According to CoinMarketCap, The global market cap has risen over 0.80% in the last 24 hours. That elevates the total market cap to around 1.17 Trillion at the time of writing.

The Price of Polygon (MATIC) trading price declined by 0.89% in the last 24 hours. After the decline MATIC traded at around $1.11. Meanwhile, the FET’s price is also decreased by 2.78% in the last 24 hours, and the trading price is $0.3726.

DIA experienced a decline of 1.06% in the last 24 hours, and the trading price is $0.3509. IMX and the SAND also received a price decrease. The IMX declined by 4.22% in the last 24 hours, trading at $1.16 and the SAND is down by 1.10% in the last 24 hours, trading at 0.6423 at the time of writing according to CoinMarketCap.

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