The Graph (GRT) price has gained 18% since dropping to its local low of $0.11 on May 11, 2023. On-chain data reveals the bullish activity among crypto whales has been pivotal to the ongoing GRT price rally. 

The Graph (GRT) is one of the leading projects in the crypto-AI subsector. GRT has been drawing the attention of crypto whales over the past week. 

The order books of exchanges suggest that the bullish whales are influencing other strategic influences to stack up GRT. How could this impact The Graph price in the coming weeks? 

Crypto Whales Are Stacking Up GRT

After weeks of selling, crypto whales have started taking long positions on GRT again. It appears that this has been pivotal to the ongoing price rally.  

Santiment’s chart below shows that crypto whales holding balances of 10 million to 1 billion GRT tokens have increased their holdings significantly.  Between May 23 and May 31, they added 70 million GRT tokens to their holdings. 

GRT tokens to their holdings. 

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Author: Ibrahim Ajibade

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