Number of Bitcoin Cash Whales Drops Following 39% Price Surge
The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311. Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings.
According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.
BCH continues to be the fifth largest crypto asset by market capitalization at $5.6 billion, with Chainlink (LINK) trailing at $4.6 billion. At the time of writing, Bitcoin Cash is trading at $307.84, having risen 3% in the last 24 hours.
Adjustments to BCH difficulty algorithm
Bitcoin Cash uses the SHA256D algorithm — the same as that used by Bitcoin. However, its hashing power is less than 5% of that of Bitcoin, which has sometimes left it vulnerable to a 51% attack.
In response, the BCH community has floated changing the algorithm as part of the network’s November upgrade. Cointelegraph reported on Aug. 7 that developers have worked out a compromise between two proposed solutions. The network will implement the ‘Aserti3-2d’ difficulty adjustment proposed by lead BCHN maintainer Jonathan Toomin, and an infrastructure funding plan.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86% | 25 | $64 113.33 | 1.00% | -1.34% | $1 262 418 237 883 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.4% | 46 | $3 125.29 | 0.56% | 0.86% | $381 439 663 716 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $0.999906 | 0.04% | -0.10% | $110 453 092 661 |  |
|
| 4 |  BNB |
Binance Coin predictions | 87.6% | 20 | $601.94 | -0.66% | 7.19% | $88 821 319 430 |  |
|
| 5 |  SOL |
Solana predictions | 63.2% | 70 | $142.82 | -0.63% | -0.81% | $63 863 884 617 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 2 | $0.999992 | 0% | -0.02% | $33 399 676 519 |  |
|
| 7 |  XRP |
XRP predictions | 67.2% | 68 | $0.521086 | 0.89% | 4.13% | $28 727 025 580 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 70% | 65 | $0.149134 | -0.01% | -2.02% | $21 481 643 413 |  |
|
| 9 |  TON |
Toncoin predictions | 66.4% | 65 | $5.35 | 2.37% | -16.94% | $18 584 591 692 |  |
|
| 10 |  ADA |
Cardano predictions | 64.4% | 77 | $0.468861 | 0.52% | -0.72% | $16 707 344 637 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 64% | 82 | $0.000025 | 2.12% | 10.06% | $14 943 785 329 |  |
|
| 12 |  AVAX |
Avalanche predictions | 62% | 75 | $35.01 | 0.30% | -1.07% | $13 241 854 193 |  |
|
| 13 |  TRX |
TRON predictions | 85.2% | 21 | $0.118667 | 2.84% | 8.54% | $10 391 365 506 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 84.4% | 18 | $0.118452 | 2.57% | 8.39% | $10 372 559 869 |  |
|
| 15 |  STETH |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
