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According to analytical service Santiment, large holders accelerated the accumulation of altcoin
Large holders of SUSHI tokens accelerated the accumulation of altcoin in two months. According to the analytical service Santiment, the “whales” that hold from 100 thousand to 10 million SUSHI tokens have accumulated 9.7% of the total altcoin supply since the beginning of November.
On December 28, the SUSHI token is trading at $ 8.6. Over the month, the altcoin has risen in price by 22%, and its capitalization has increased to $ 1.6 billion. In March of this year, the cryptocurrency updated its all-time high above $ 23.3. Over the next seven months, the value of the altcoin dropped by 63%.
SUSHI is the internal token of the SushiSwap decentralized trading platform, which is implemented on the Ethereum blockchain. Users can make a deposit to trading funds and receive a percentage of it in SUSHI tokens.
On December 27, Santiment analysts named the three most popular altcoins among whales. Large cryptocurrency holders are actively accumulating Crypto.Com Coin (CRO), UMA and Uniswap (UNI) tokens.
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