Humanity Surges 38%, Sees Whales Return Amid Market Activity

Humanity (H) has made a significant recovery from its post-hacking losses, surging 38% to reach a monthly high of $0.169.

The altcoin had fallen to a low of $0.05 after the hacking incident in late June, but it has since held within a parallel consolidation range until breaking out three days ago.

This breakout led to increased upside pressure, causing H to reclaim $0.1 and flip it into support. The altcoin's market cap also reclaimed the top 100 spot on CoinMarketCap (CMC), reaching 92.

The return of whales, high-net-worth investors who have a significant amount of cryptocurrency, has contributed to Humanity's rally. One whale recently accumulated 25 million H worth $2.7 million, while another scooped up 5 million H worth $0.59 million.