These Are The Altcoins Drawing Whale Interest, Santiment Reveals

The on-chain analytics firm Santiment has revealed some altcoins currently witnessing high interest from the whales. Whale Transactions Have Spiked For These Altcoins Recently In a new post on X, Santiment has discussed how several altcoins have been showing interest from the whales.

Timeline of Basic-attention-token, Injective, Playdapp, Rocket-pool, Standard-tokenization-protocol

Popular Web3 gaming platform PlayDapp has suffered a cyber attack resulting in an estimated loss of $31 million worth of assets. The attack was first detected by the security platform Cyvers Alerts before an official confirmation by PlayDapp.

Injective, a pioneering entity in the realm of Web3 finance, has now marked a significant milestone with the launch of its most extensive mainnet upgrade to date: the Volan Upgrade.

Injective (INJ), a layer-one blockchain, is getting ready for the last step of unlocking its tokens, as shared by the Token Unlocks handle on X. As per the information, the complete unlock of INJ tokens is scheduled for January 21.

Injective and Gorilla are unique cryptocurrency projects with a shared goal of enhancing decentralized exchange services. However, they operate on different blockchains; Injective is on Cosmos, and Gorilla uses Ethereum.

Both Injective protocol and Gorilla are distinctive crypto projects, aiming to improvise decentralized exchange services in their own ways. While the Injective protocol exists on the Cosmos blockchain, Gorilla is powered by the Ethereum blockchain.

Crypto Price Prediction: The crypto market currently continues its corrective phase following its recent rally initiated in mid-October. This phase is crucial for buyers to gather momentum for the next upward move.

Injective (INJ), the cryptocurrency native to its own layer-1 blockchain, has seen a remarkable year. The token reached an all-time high of $39.88 on Tuesday, marking an extraordinary 3000% surge over the past 12 months.

The price of crypto asset Injective has rapidly risen over 2,600% year-to-date to reach new all-time highs around $35, driven by a massive increase in futures trading volumes and leverage, but remains prone to substantial volatility and pullback risks.

In the world of cryptocurrencies, altcoins are becoming more popular, especially as many of them are on the rise and showing better performance than the leading cryptocurrency, Bitcoin. Among the standout altcoins recently are Avalanche, Bonk, and Solana.

In an intriguing move, a popular DeFi token, Injective, experienced a massive rally. It was believed to be a result of positive market sentiment, as they had shifted from being neutral to greedy as the Bitcoin price resumed its upswing.