- Significant trading activity with 149 transactions over $100K marks a potential bullish rally for The Graph (GRT).
- An unprecedented increase in new GRT wallet creations signifies growing investor interest and network expansion.
- The Graph has revitalized old tokens, indicating a renewed market cycle and increased liquidity.
In the past four weeks, The Graph (GRT) has made a remarkable ascent, nearly doubling in value since October 19. This surge in price coincides with significant whale activity and a notable increase in creating new addresses within the GRT ecosystem. To gauge the potential sustainability of this bullish trend, attention is drawn to the mean dollar age line, a crucial validation metric that has moved favorably for GRT.
Santiment, a platform with on-chain and social metrics for cryptocurrencies, shared a Twitter post providing the latest insights on the impressive surge in The Graph (GRT) and the notable whale activity, further solidifying the cryptocurrency's position as a key player in the market.
Whale activity within the GRT network has reached its highest point since February, underscoring a resurgence of interest among large investors. This is further substantiated by a total of 149 separate GRT transactions exceeding $100,000 in value. Additionally, the generation of 6.20 new addresses highlights the rapid expansion of the user base, reflecting the increasing popularity of GRT.
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