As the cryptocurrency market rebounds, two Ethereum-based altcoins are seeing a spike in whale activity, according to market intelligence platform Santiment.
Optimism and Chiliz Surge
Optimism (OP) and Chiliz (CHZ) are witnessing increased interest from deep-pocketed investors. Santiment notes that large traders’ activity often foreshadows significant price volatility and potential reversals.
- Optimism is currently trading at $2.80, up over 1% in the past 24 hours.
- Chiliz is trading at $0.12, up 1.3% in the same period.
Ethereum Dominates Social Media Buzz
Santiment also highlights that Ethereum (ETH) is generating the most buzz on social media, driven by speculation about the potential approval of an Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
ETH Holders Profiting
Market intelligence firm IntoTheBlock reports that the recent rally has put 90% of ETH holders in profit.
- Ethereum is currently trading at $3,715, up 8.7% in the past 24 hours.
Note:
The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any cryptocurrency investments./p>
