Cryptocurrency on-chain data shows that whales are increasing significantly in Altcoin.
On-chain data shared by cryptocurrency analytics firm Santiment shows the unusual spike in the unchanging X(IMX) Altcoin whale activity. According to analysts, when a large wallet increases transfers in cryptocurrency, it could indicate a period of accumulation.
Santimento data shows that crypto whale wallets carrying at least 100,000 IMX tokens have accumulated a total of 4.55 million IMX over the past three months.
However, IMX prices continue to lean downwards. Token prices fell 19% last month, but last year its decline was 80%. Listed on major cryptocurrency exchanges such as Binance, Upbit and Coinbase, IMX has a market value of around $1 billion at the time of writing.
Tokens, which have a large user base in Korea, have the theme of the once extremely popular Web3 games.
*This is not investment advice.
