A leading crypto analytics firm has reported a substantial increase in the ownership of Tellor (TRB), an Ethereum-based token, by high-net-worth individuals. According to Santiment, traders who hold between 1,000 to 100,000 TRB tokens now own a significant 46% of the asset’s total supply, up from just 31% seven weeks ago. This accumulation of TRB tokens by affluent investors coincides with a remarkable surge in the token’s value, which has seen its price soar from under $15 in September to its current price of $134.
This significant increase in TRB ownership by wealthy individuals underscores their growing interest in this particular token. Santiment’s data further supports this claim, as they report that Tellor has seen a phenomenal 1,025% increase in value over the past three months, bringing it to the 112th spot in the market cap ranking. Additionally, the firm notes that the wallets holding 1,000 to 100,000 TRB tokens have accumulated an additional 15% of the total supply in a span of just seven weeks, further demonstrating the strong demand for this token among large investors.
Santiment also highlighted significant whale activity around The Graph (GRT), indicating that the indexing protocol has observed the highest level of whale activity since February. They reported 149 transactions worth over $100,000 each and the addition of 620 new wallets as of November 6th. The Graph has nearly doubled in value since October 19th, with major whale movement and new addresses being created. As noted by Santiment, the mean dollar age line moving down is often seen as a validation of a bullish trend, and The Graph’s movement reflects this trend.
In addition to TRB and GRT, Santiment also revealed the growing interest of traders in other crypto assets based on trending keywords. Middle East-based Chain X Game’s Revolution Land (REVO) and Ordi (ORDI), the first BRC-20 token on the Bitcoin blockchain that is now tradable on the world’s largest crypto exchange, have caught the attention of traders.
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Furthermore, the emergence of trending topics such as RevoLand, Quantum computing’s potential impact on mining security, and the new Binance listing for ORDI signifies the ongoing interest and engagement of traders in the rapidly evolving crypto space.
Amid these developments, Santiment’s insights serve as a valuable resource for investors and traders seeking to stay ahead of the latest trends and developments in the crypto market. By analyzing whale activity and trending keywords, Santiment offers a comprehensive view of the market sentiment, which can help inform investment decisions and trading strategies.
In conclusion, the increasing accumulation of TRB and GRT tokens by wealthy investors, as well as the growing interest in other crypto assets, reflects the dynamic and evolving nature of the crypto market. With the insights provided by Santiment, investors and traders can gain a deeper understanding of market trends and make informed decisions when navigating the ever-changing landscape of the digital asset space.
