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What happened? Experts of the analytical company Santiment discovered three altcoins that institutional investors are actively accumulating during the fall of the cryptocurrency market. The most promising assets for accumulation, according to large holders, are Aave (AAVE), The Sandbox (SAND) and Loopring (LRC).
AAVE. The DeFi protocol token for the Aave landing page ranks first in the list of assets accumulated by institutional investors. The number of addresses containing AAVE has increased from 10,000 to 1 million. at the moment, large holders own 47.7% of the total supply of tokens. Until June 20, they accounted for 42.3%. A surge in savings can positively affect the AAVE rate, analysts say.
On June 24, 16:00 Moscow time, the asset is traded at $ 68.3, adding 1.18% to the price per day, according to the crypto exchange Binance.
SAND. In second place is the token of the metaverse The Sandbox. Since the beginning of March, there has been an accumulation of supply from large SAND holders. Institutional investors own 7.96% of the total number of altcoins.
The SAND token is traded at $ 1.06, for 24 hours the value of the asset increased by 6.9%.
LRC. The third coin on the Santiment list is the token of the decentralized Ethereum protocol of the second level (L2) Loopring. Over the past three months, the number of LPCs at the addresses of large holders has increased by 6%. Investors own 40.5% of the total token supply. Experts believe that the leading holders are not afraid of a possible further drop in the LRC.
The price of the token is $ 0.42, for the day the asset rose in price by 6.65%, the weekly change in value was also positive, the growth was 12.77%. At the same time, the peak value of the asset reached April 1, 2022 – $ 2.11.
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