Amid strengthening market conditions, several prominent Ethereum-based protocols have seen surging whale activity, indicating a potential reversal amid a bearish trajectory.
Meanwhile, the new token Bitcoin Minetrix ($BTCMTX) has surged past $1.5 million as it enters its second presale round, as traders back it to be another altcoin to have a bullish future.
Santiment Reports Whale Activity Spike Amidst Market Turnaround, Potential Bull Rally Ahead?
Market volatility has been rife recently following rising geopolitical tensions in the Middle East. Initially, crypto prices crashed, but whales seemingly capitalized on the lower prices.
According to the blockchain analytics platform Santiment, whale activity has surged massively with the decentralized exchange platform DyDx, data exchange platform Ocean Protocol, and decentralized payment platform Request.
According to the analytics provider, increasing whale activity often coincides with a price reversal.
Part of the reason for the incr
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