Whale Activity: Whales Move INJ, RNDR, and MATIC Tokens to Cold Wallets

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Whale Activity in Injective (INJ)
  2. Changes in Render (RNDR)
  3. Recent Moves in Polygon (MATIC)


    4. According to the latest analysis by cryptocurrency analytics firm Santiment, a shift in whale activity has been seen in three different altcoins.

    Whale Activity in Injective (INJ)

    Santiment analysts noted that crypto whales were withdrawing their tokens from centralized exchanges and transferring them to cold wallets for the altcoin Injective (INJ). The largest transfer from exchanges to cold wallets occurred on August 21, and transfers have continued gradually since then.

    Changes in Render (RNDR)

    On the RNDR side, whales withdrew their cryptocurrencies from exchanges on July 21 and there has been a stable outlook since then.

    Recent Moves in Polygon (MATIC)

    On the MATIC side, crypto whales made a more recent move. Whales started transferring their tokens to cold wallets on September 9. With the rebranding of the token as POL, these movements of the whales continue.

    Santiment analysts noted that whale activity could significantly impact the market trends of the selected altcoins.

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