Analytics platform Santiment is looking at two crypto assets recording triple-digit percent increases over a relatively short period of time.
Starting with decentralized finance (DeFi) platform UniSwap (UNI), Santiment says that the crypto asset has appreciated by over 150% over a period of nearly two months.
“Uniswap has been on quite the tear in the past seven weeks, decoupling from the rest of the altcoin pack in several instances, and jumping +153% since June 18th.”
According to Santiment, the daily address activity of Uniswap has risen and large holders of the crypto asset also continue to accumulate.
“It’s also great to see that shark and whale addresses have been accumulating heavier and heavier percentages of Uniswap’s overall supply since May. The 100k to 1m UNI addresses, in particular, saw a massive accumulation spike just two weeks ago. And continued price rises soon followed.
And speaking of whales, the amount of large transactions (which we deem to be transactions...
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