Crypto whales, or large-scale investors in cryptocurrency, have been using their resources to accumulate a lesser known AI coin known as Ocean Protocol (OCEAN). Since the start of 2021, data from blockchain analytics providers such as Intotheblock, Santiment and Whale Alerts, show a steady increase in the amount of OCEAN tokens held by various Crypto whales.
The main reason for Crypto whales to focus their attention on Ocean Protocol is the project’s unique ability to facilitate the sharing and exchange of data between different parties without the need of a middleman. Ocean Protocol is a decentralized network that links different actors with data-driven organizations globally, all the while allowing the data to remain secure and private.
The potential of Ocean Protocol to bridge the gap between data exchanges is obvious, and the ambitious project has brought together different organizations to boost the global data economy. As a result, Crypto whales are looking to take advantage of the project’s potential and use it to make long-term investments.
The amount of OCEAN tokens held by Crypto whales is small when compared to other projects in the crypto space, which is why this project has managed to stay relatively “under the radar”. If the project is able to deliver on its promise, then more Crypto whales may be looking to accumulate OCEAN tokens in the future.