Cryptocurrency investors are often focused on the top currencies like Bitcoin, Ethereum, Ripple, and Litecoin. However, given the recent attention to artificial intelligence technology, a lesser known AI coin is beginning to attract cryptocurrency whales, what is known as large-scale investors of digital currency. This AI coin is called VeChain (VET) and is an enterprise-class public blockchain platform focused on improving supply chain management processes.
It is now clear that large-scale investors are already accumulating VeChain (VET). According to blockchain data, VeChain (VET) is now being held by whales, with CoinMetrics data showing that wallets with over 1 million VET have grown from 37 to 362. These whale entities control around 34% of the total VET supply.
The reason for their heavy accumulation can be attributed to the great potential of VeChain’s blockchain technology. Its blockchain-based platform is designed to track products across the entire supply chain, providing enhanced transparency, traceability, and security. Additionally, VeChain is partnering with top-tier organizations such as Walmart China, BMW, and Chinese Government Agencies.
Other crypto whales may soon follow suit and pile into VeChain (VET) in the coming months, owing to the unique advantages it provides and to the potential upside which can be observed from its current low prices.
