Monster Whale Activity Sparks Volatility for Optimism (OP) and Chiliz (CHZ)
Insight into Whale Activity
The recent bullish sentiment in the cryptocurrency market has led to rising whale activity, particularly in Optimism (OP) and Chiliz (CHZ).
Key Metrics
- 392 and 46 whale transaction counts for OP and CHZ, respectively
- Transactions worth $100,000 or more on Ethereum and Optimism networks
Notably, Santiment's analysis suggests that high whale activity could foreshadow volatility and trend reversals, impacting the price movements of OP and CHZ.
Cryptocurrency Price Analysis
As of now, OP is priced at $2.92, up nearly 20% in a month, while CHZ is trading at $0.124, reflecting a 7.6% increase in the same period.
While OP faces resistance and CHZ shows a breakout in key zones, these cryptocurrencies could experience increased volatility and possible retracements in the near future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.