Data suggests Huobi Token whales and sharks have been accumulating recently despite HT’s 24% decline during the last week.
Huobi Token Whales And Sharks Have Added Almost 18% To Their Holdings In Recent Days
As per data from the analytics platform Santiment, the Huobi Token whales and sharks seem to have been making some movements recently.
The relevant indicator here is the “Supply Distribution,” which tells us what percentage of a crypto’s supply is in what wallet group.
Here, the wallet groups are divided based on the amount of balance in each wallet address. For example, the “1 to 10 coins” group includes all wallets that are holding numbers lying in this range.
In the context of the current discussion, the wallet group of interest is the one corresponding to whales and sharks.
For Huobi Token, this cohort falls into the 1k to 1m coins group. Here is a chart that shows the trend in the Supply Distribution for this…
