CandleFocus

Render price recovers amid whale accumulation

Author: Content Editor
Render, a decentralized graphics processing unit-based rendering solutions provider, has experienced a notable price recovery as large wallet addresses aggressively accumulate its native token. The Render token ranks highly in the artificial intelligence and decentralized finance cryptocurrency markets. After dropping to $4.50 on September 7, Render has shown resilience and is now trading above $6.00. This recovery is attributed to the accumulation efforts of large token holders. While gains for Render have been modest, its price has risen by over 33% in the past week, coinciding with a surge in artificial intelligence-related tokens. Large holders of Render tokens, also known as whales and sharks, have accumulated over 20.5 million tokens in the past eleven weeks, valued at over $126.3 million. Meanwhile, investor wallets have sold off around 21% of their holdings, which have been absorbed by whales and sharks, while retail investors have added 3.6% to their portfolios.

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