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<\/p>\nOn Tuesday (21 February 2023), crypto analytics firm Santiment took at whale activity involving Cardano ($ADA), HEX ($HEX), and The Sandbox ($SAND).<\/p>\n
Santiment\u2019s blog post highlights the market\u2019s increased volatility this year, with \u201ckey stakeholders\u201d seemingly more excited than usual. It points out that some famous investors have said that volatile markets present the perfect opportunity to make big moves and separate yourself from the average investor.<\/p>\n
The post notes that, despite a 5-day anomaly gap in the data, Cardano has seen a significant price increase this month. According to Santiment, this price surge suggests substantial interest from whales at these levels.<\/p>\n
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Apparently, $HEX has also been on the rise, with February 20 seeing \u201cthe highest level of whale transactions\u201d, with the exception of February 9th, which was followed by a mid-sized correction. <\/p>\n
As for $SAND, Santiment says that on February 20, the altcoin saw \u201cthe third highest whale spike\u201d in the past three months, which took place when the price was going up, and Santiment takes this to mean we should not be surprised by at least a short-term correction.<\/p>\n
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