Basic attention token (BAT) whales have accumulated nearly six percent of the coin’s supply in less than a week, driving the price into double-digit gains.
According to research published by crypto analytics firm Santiment, BAT’s top ten whales have been in an accumulation mode for the past week. Santiment found that BAT’s top addresses had added 5.94% of the coin’s total circulating supply to their wallets over the past five days.
$BAT's and $REP's top 10 whales have been accumulating in a big way over the past week. $BAT's top addresses have added 5.94% of the total supply to their wallets in the past 5 days, while $REP's top 10 have added 4.51% of the supply over the past 2 weeks. https://t.co/0wxnYDBSzS pic.twitter.com/dHn7dmr4PK— Santiment (@santimentfeed) June 26, 2020
Santiment also found that the largest non-exchange BAT address underwent its largest accumulation week since July 2017. According to the analytics firm, the top wallet address went from holding 53.63 million BAT to 126.92 million last week, representing an increase of 136.7%.
$BAT's largest non-exchange address has just had its largest accumulation week in ~three years (since the week of July 12, 2017). In the most recent week (June 19 - June 26, 2020, this address went from holding 53.63M to 126.92M $BAT tokens (+136.7%). https://t.co/gkYYCPAT2k pic.twitter.com/Nfw1EabWee— Santiment (@santimentfeed) June 27, 2020
In addition to BAT, top augur (REP) whales were also active over the same time period. The analytics firm found that the top ten REP whales have been in an accumulation phase, adding 4.51% of the token’s total supply to their wallets over the past two weeks.
Featured Image Credit: Photo via Pixabay.com