• The volume of whale transactions involving MANA has risen in the past few days.
• There is a steady inflow of liquidity into the MANA spot market.

MANA, the token that powers leading metaverse-based platform Decentraland, has witnessed a significant increase in whale transactions over the past few days.

#Decentraland | Whale activity is rising!

Not only are we seeing a spike in $MANA whale transaction count, but some of the biggest whales on the network recently purchased 25 million #MANA, worth over $10 million. pic.twitter.com/fJVgAU0jtZ

— Ali (@ali_charts) November 8, 2023

Information retrieved from on-chain data provider Santiment showed that the daily count of whale transactions exceeding $1 million reached a new high on 6th November.

This surge in whale activity follows a similar trend in whale transactions above $100,000, reaching a multi-month high a few days prior, data from the same source revealed.

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Author: Abiodun Oladokun

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