CandleFocus Santiment Announced: Whales in These Three Altcoins Are Pulling Their Tokens Off Exchanges, Putting Them in Cold Wallets
2024-09-16
Author: Content Editor
According to Santiment, a cryptocurrency analytics firm, there has been a shift in whale activity for three altcoins - Injective (INJ), Render (RNDR), and Polygon (MATIC). Whales have been withdrawing their tokens from exchanges and moving them to cold wallets for these altcoins. This has resulted in some price anomalies for these coins. For INJ, the largest transfer from exchanges to cold wallets occurred on August 21 and has continued gradually since then. Whales withdrew their RNDR from exchanges on July 21 and the outlook has remained stable. As for MATIC, whales began transferring their tokens to cold wallets on September 9, coinciding with the rebranding of the token as POL.
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