The latest data from market intelligence firm Santiment has shed light on one particular altcoin that has been experiencing significant gains this year, while also attracting the attention of whale investors. Among altcoins with a market cap of at least $500 million, Virtuals (VIRTUAL), a tokenized artificial intelligence (AI) project, has seen a remarkable 20,000% increase year-to-date. This surge in value has sparked a flurry of whale activity around the asset, indicating strong interest from high-net-worth individuals.
In a recent thread on social media platform X, Santiment highlighted Virtuals as one of the top performers in terms of whale activity, alongside other digital assets such as stablecoin issuer Usual (USUAL), decentralized betting platform Gnosis (GNO), decentralized finance (DeFi) project Aave (AAVE), and meme asset Floki (FLOKI). Despite the recent crypto market crash, Santiment reports that these assets have been subject to large whale transfers, suggesting potential opportunities for investors to capitalize on market dips.
VIRTUAL is currently trading at $2.74, marking a nearly 20% increase for the day. Just a year ago, the asset was valued at around $0.013, demonstrating the significant growth it has experienced over a relatively short period. Meanwhile, Bitcoin (BTC), the leading cryptocurrency by market cap, has also seen a recent drop below $100,000, prompting a “buy the dip” mentality among investors. Santiment notes that the enthusiasm for dip buying in the crypto community has reached its highest level in over eight months, indicating a strong belief in the long-term potential of digital assets.
At the time of writing, Bitcoin is trading at $97,006, showing a slight decrease over the past 24 hours. Despite the volatility in the crypto market, investors remain optimistic about the future prospects of virtual currencies. Stay informed and subscribe to get email alerts delivered directly to your inbox for the latest updates on market trends and price movements. Follow us on X, Facebook, and Telegram to stay connected with the latest news and analysis in the cryptocurrency space.
Image source: Shutterstock/wacomka/Andy Chipus
In conclusion, the crypto market continues to be a dynamic and evolving space, with new opportunities emerging for investors to capitalize on the growth potential of digital assets. Stay informed, stay connected, and stay ahead of the curve with the latest insights from Santiment and other leading market intelligence firms. Subscribe now to receive timely updates and analysis delivered straight to your inbox.