Crypto Whales Go On A Shopping Spree As Ethereum-Based Altcoin Spikes Over 1,000%

Zinger Key Points
  • Tellor has seen a staggering increase of over 1,000% in just three months.
  • Santiment highlighted trending topics in the crypto space, including RevoLand, Quantum computing, and ORDI’s Binance listing.

Crypto whales are accumulating Ethereum-based altcoin Tellor TRB/USD, according to analytics firm Santiment.

The altcoin has seen a staggering increase of over 1,000% in just three months, with its price soaring as high as $131.

This development comes just ahead of Benzinga's Future of Digital Assets conference on Nov. 14, where discussions about digital asset investments and the future of cryptocurrencies are expected to take center stage.

Also Read: Standard Chartered, SBI Holdings Team Up For $100M UAE Digital Asset Joint Venture

According to Santiment, wallets holding between 1,000 and 100,000 TRB have accumulated 15% of the supply in just seven weeks.

This heavy accumulation by key players suggests a strong confidence in the asset’s potential.

In addition to Tellor, TheGraph GRT/USD has also seen significant activity, nearly doubling since Oct. 19.

Santiment notes a major whale movement and an increase in new addresses being created for GRT.

The report also highlighted trending topics in the crypto space, including RevoLand REVO/USD, a Web3 game ecosystem, Quantum QRL/USD computing’s potential to enhance mining security, and ORDI’s ORDI/USD new listing on Binance BNB/USD.

These trends underscore the dynamic nature of the crypto market and the opportunities it presents for investors.

As the digital asset landscape continues to evolve, events like the upcoming Benzinga’s Future of Digital Assets conference provide a platform for discussions and insights into this rapidly changing field.

Read Next: Crypto Market Confined To Price Corridor As Bitcoin Remains Stuck In Price Maze

Industry titans BlackRockDTCCOCCState StreetSociété GénéraleHederaCitiBMONorthern TrustCitibankAmazonS&P GlobalGoogleInvesco, and Moody’s will join our November 13 Fintech Deal Day and November 14 Future of Digital Assets. Secure a spot here to join them!

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