Crypto analytics firm Santiment has released a new update to its whale holder distribution model highlighting three altcoins that major investors are targeting.

Whale investors are accumulating Yearn.Finance (YFI), according to the latest Santiment report, first reported on by Daily Hodl. The company saw an increase in wallet addresses with a YFI of over $ 100, rising from 64 to 68 in the first week of March.

Santiment also found that whales were targeting the Enjin Coin (ENJ) game log, with interest rising significantly. Santiment noted that ENJ holders with more than 1 million tokens had gone from 84 in the previous week to 91.

The analytics company documented a similar finding with the native token (CRO) from Crypto.com. According to the company, wallets with more than 10,000 CRO rose from 2,521 to 2,591 over the same period.

In addition to reporting whale accumulation for the above coins, Santiment published a list of altcoins for which the accumulation addresses had declined.

The company found that Matic (MATIC) had dropped from 32 to 30 whale addresses, while Decentraland (MANA) had dropped from 562 to 551 week.

Selected Image Source: Photo via Pexels.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.