Render

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Render, a decentralized graphics processing unit-based rendering solutions provider, is seeing a notable price recovery as large wallet addresses aggressively accumulate the native token. 
The Render (<a rel="" href="https://crypto.news/price/render/">RENDER</a>) token ranks as one of the top artificial intelligence and decentralized finance cryptocurrencies by market cap. After its native token <a rel="" href="https://crypto.news/akash-network-fet-and-render-see-double-digit-losses-as-nvidia-stocks-plunge-9-5/">plummeted</a> to $4.50 on Sept. 7, Render has shown significant resilience, reclaiming support above $6.00. 
<h2 class="wp-block-heading" id="render-price-bottomed">RENDER price ‘bottomed’</h2> 
According to market intelligence and on-chain insights provider Santiment, Render is showing recovery buoyed by large address accumulation. This comes after the artificial intelligence token bottomed out near $4.60 on Sept. 18, with bears rejecting bulls’ attempt to push higher around $5.35 a week earlier. 
Most altcoins experienced significant volatility during this time, with related tokens such as Bittensor (<a rel="" href="https://crypto.news/price/bittensor/">TAO</a>) soaring. 
Gains for Render have largely been muted, but the bullish shift amid whale accumulation has seen its price rise by more than 33% over the past week. This upside has coincided with a fresh spike in artificial intelligence-related tokens. 
 Read more: <a rel="" href="https://crypto.news/bittensor-crypto-charts-ai-tokens-ride-nvidia-wave/"> Bittensor tops crypto charts as AI tokens ride Nvidia wave </a> 
<h2 class="wp-block-heading" id="whales-bought-the-render-dip">Whales bought the Render dip</h2> 
Whales and sharks took advantage of recent pullbacks to buy low. For Render, this was a notable occurrence, as pointed out by Santiment analysts in an <a href="https://x.com/santimentfeed/status/1838996034585760065" target="_blank">post on X</a>. 
On-chain data shows that these large holders possess at least 100,000 Render tokens. About 902 addresses hold 100,000 or more tokens, with large holders controlling 91% of the total supply. 
In the past eleven weeks, these large wallets have accumulated over 20.5 million Render tokens, valued at more than $126.3 million. During this aggressive accumulation, whales and sharks added 3.7% of Render’s total supply to their holdings. 
While the whales adopted a bullish stance on the altcoin, investor wallets appear to have sold off sharply. In the past month, investors dumped 21% of their holdings, which whales absorbed. Retail investors also purchased more tokens, adding 3.6% to their portfolios. 
 You might also like: <a rel="" href="https://crypto.news/binance-launches-pre-market-spot-trading-for-launchpool-tokens/"> Binance launches pre-market spot trading for Launchpool tokens </a>

Render price recovers amid whale accumulation

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