Unlike the rest of the market, Fetch.ai’s (FET) price prevented major losses over the last 24 hours as the altcoin kept its decline limited to 2%.
The credit for this goes to the whales who offset the bearish cues. Nevertheless, there is still a threat to the altcoin.
Fetch.ai Saved – Whales for the Win
The crypto market correction is weighing heavily on all the digital assets, but Fetch.ai’s price somehow did not fall as much. FET only noted a 2% correction throughout the day. However, that does not cover up for the fact that the altcoin could have dropped by over 15%. All thanks to the whales for not letting this happen.
The intra-day lows of $2.37 were nearly locked in as trading price before the whales stepped in. The large wallet holders accumulated FET heavily, resulting in the price bouncing back.
Addresses holding between 1 million and 10 million FET managed to amass over 18 million FET in two days. This is worth over $50 million, bringing their holdings to 327.81 million FET.
Consequently,
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Author: Aaryamann Shrivastava
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