YFI Whale Activity Reaches 15-Month High, Boosting Its Market Cap
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- Santiment revealed that whale activity for yearn.finance has reached a 15-month high.
- According to the post, the surge in whale activity launched YFI’s market cap by more than 60% over the past week.
- YFI’s positive streak continued over the past 24 hours, as it rose 12.35% to trade at $10,694.63.
Santiment, the blockchain analytics platform, revealed in an X post earlier today that the market cap for yearn.finance (YFI) has surged following a substantial increase in whale activity. According to the post, YFI’s market cap has risen more than 60% in the past week. This growth was powered by increased whale activity, which reached 15-month high levels.
— Santiment (@santimentfeed) November 13, 2023
#YearnFinance's market cap has grown +60% in the past week, powered by increasing address growth and whale transactions. Whales are engaging at 15-month high levels once again, and new $YFI address growth has been exponentially increasing. https://t.co/IMNb1FP7al pic.twitter.com/YzDwbhxRF3
The analytics platform also revealed that the cryptocurrency recorded its highest number of transactions valued at $100K+ in a single day since July 29, 2022. Furthermore…
The post YFI Whale Activity Reaches 15-Month High, Boosting Its Market Cap appeared first on Coin Edition.
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