Crypto Whales Go On A Shopping Spree As Ethereum-Based Altcoin Spikes Over 1,000%

Crypto whales are accumulating Ethereum-based altcoin Tellor (CRYPTO: TRB), according to analytics firm Santiment.

The altcoin has seen a staggering increase of over 1,000% in just three months, with its price soaring as high as $131.

This development comes just ahead of Benzinga's Future of Digital Assets conference on Nov. 14, where discussions about digital asset investments and the future of cryptocurrencies are expected to take center stage.

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According to Santiment, wallets holding between 1,000 and 100,000 TRB have accumulated 15% of the supply in just seven weeks.

This heavy accumulation by key players suggests a strong confidence in the asset’s potential.

In addition to Tellor, TheGraph (CRYPTO: GRT) has also seen significant activity, nearly doubling since Oct. 19.

Santiment notes a major whale movement and an increase in new addresses being created for GRT.

The report also highlighted trending topics in the crypto space, including RevoLand (CRYPTO: REVO), a Web3 game ecosystem, Quantum (CRYPTO: QRL) computing’s potential to enhance mining security, and ORDI’s (CRYPTO: ORDI) new listing on Binance (CRYPTO: BNB).

These trends underscore the dynamic nature of the crypto market and the opportunities it presents for investors.

As the digital asset landscape continues to evolve, events like the upcoming Benzinga’s Future of Digital Assets conference provide a platform for discussions and insights into this rapidly changing field.

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