In a recent report from crypto analytics firm, Santiment revealed there are three altcoins that have been the focus of institutional investors lately.
Starting with Yearn.Finance (YFI), a total of four new wallet addresses emerged, making a total of 68 wallets owning over 100 YFIs in the first week of March.
At the same time, the Coin Engine (ENJ) is also in the spotlight with a surge in interest rates among institutional investors. Holders of over 1 million ENJ tokens have jumped to 91 out of 84 wallets over the past week.
The same is true of Crypto.com (CRO) tokens when the addresses of wallets storing over 10,000 CROs increased from 2,521 to 2,591 in the same time period.
Santiment also revealed records of several altcoins facing retracement according to the accumulated wallets address records.
For example, Matic (MATIC) dropped from 32 to 30 whale wallets addresses. Meanwhile, Decentraland (MANA) declined from 562 to 551. Raiden (RDN) saw a huge decline, from 51 to 45 over the past week.
