Happycoin club - Network data reflects a spike in large transactions of cryptocurrencies such as AAVE, ADA, and OP, signaling their accumulation by large investors, noted the company Santiment.
Accordingly, if market conditions remain favorable, the actions of crypto whales may trigger a rally for these altcoins.
Santiment tracked a significant increase in whale transactions exceeding $100,000 for the following altcoins:
Aave (AAVE) [Polygon]: +267% HEX (HEX): +256% OKB (OKB): +200% Cardano (ADA): +193% Optimism (OP): +140% Trillioner (TLC): +133% Bitcoin Cash (BCH): +128% Curve Finance (CRV): +100% BitDAO (BIT): +100% GateToken (GT): +100%
Despite the increase in whale activity, overall market indicators remain neutral. CryptoQuant CEO Ki Yong Joo pointed to a 'PvP game with zero sum' in the altcoin markets, emphasizing that the total capitalization of this market remains below the previous historical high.
Joo noted that without an influx of new capital, funds flow from one altcoin to another.
The top manager believes that only a few altcoins with real use cases will survive the current cycle. Network activity remains muted, and key indicators are neutral, indicating consolidation.
As for the market capitalization of altcoins (excluding Bitcoin and Ethereum), it is currently $825.83 billion, slightly below the 20-day EMA of $852 billion, an area of strong resistance.
The Relative Strength Index (RSI) shows a value of 40.28, which means that altcoins are approaching the oversold zone. If the RSI rises above 50, it may confirm an upward momentum shift.
Key takeaways:
Whale activity:
Santiment recorded a significant increase in large transactions (over $100,000) for several altcoins such as AAVE (+267%), HEX (+256%), OKB (+200%), ADA (+193%), OP (+140%), and others. This may indicate accumulation by large investors, which often precedes price movements if the market maintains bullish momentum.Neutral market conditions:
Despite the surge in whale activity, overall market indicators remain neutral. The total capitalization of altcoins ($825.83 billion) is below the 20-day EMA ($852 billion), indicating a resistance zone. The RSI at 40.28 suggests approaching oversold conditions but does not yet signal strong bullish momentum.PvP game with zero sum:
Ki Yong Joo from CryptoQuant emphasizes that without an influx of new capital, the growth of one altcoin occurs at the expense of funds flowing from others. This explains why the total capitalization of altcoins does not exceed historical highs.Long-term perspective:
Joo predicts that only a few altcoins with real fundamental value will survive the current cycle. Low network activity and neutral indicators indicate a consolidation phase.
Analysis and possible scenarios:
Short-term outlook:
The increase in whale transactions may provoke local rallies for the mentioned altcoins (AAVE, ADA, OP, etc.), especially if the RSI exceeds 50 and the market capitalization breaks through the resistance at $852 billion. However, without an influx of new capital, these movements will be limited and may be accompanied by a redistribution of funds between assets.Medium-term outlook:
Neutral indicators and the lack of significant growth in network activity suggest that the market is currently in an accumulation or waiting phase. A sustainable rally for altcoins requires an external catalyst — for example, an influx of capital into the crypto market as a whole or positive macroeconomic factors.Long-term outlook:
I agree with Ki Yong Joo's opinion: projects with strong fundamentals (for example, AAVE with its DeFi ecosystem or ADA with a focus on scalability) will survive. Altcoins like HEX or lesser-known tokens (TLC, BIT) may be more speculative and vulnerable to downturns.
Conclusion: in this cycle, it is important to NOT ONLY pay attention to projects with good fundamentals while waiting for news but also to analyze current functionality and future prospects.
