Whales Accumulate RNDR and Grow Holdings by Over 5%: On-Chain Data
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- Santiment revealed in an X post that whales have grown their RNDR holdings by more than 5%.
- The blockchain intelligence platform also shared that RNDR’s price has risen over 39% since 1 September 2023.
- From a technical perspective, RNDR’s price may challenge the $2.40 resistance level if its bullish momentum continues.
Santiment, the blockchain intelligence platform, revealed in an X (formerly Twitter) post earlier today that Render (RNDR) has generated substantial profits for traders and investors this month. According to the post, $24.1 million worth of RNDR has been accumulated this month by large wallets, which are wallets holding between 100K – 10 million RNDR tokens.
— Santiment (@santimentfeed) October 16, 2023
The team at @rendernetwork has been rendering some substantial profits for investors & traders here in October. There has been a major accumulation of $24.1M from wallets holding 100K-10M $RNDR, coinciding with a large movement of coins off exchanges. https://t.co/36GSUkLeN5 pic.twitter.com/A07EHFP6Oz
Looking at this accumulation trend by large holders in more detail shows that these addresses have added 5.02% more tokens to their bags …
The post Whales Accumulate RNDR and Grow Holdings by Over 5%: On-Chain Data appeared first on Coin Edition.
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