Last week, whale transactions showed a significant increase in altcoin projects such as KuCoin Token, USDC, and sENA. Although this activity is not directly related to price, it is explained by liquidity searches and position renewal strategies. Notable volume increases were also observed alongside price fluctuations in projects like Worldcoin and Curve.
In the cryptocurrency market, large investors, or whales, made significant transactions throughout the past week. Large transaction increases were observed in some altcoin projects with a market value of $500 million and above. According to Santiment data, KuCoin Token (KCS), USD Coin (USDC – Avalanche network), and Staked Ethena (sENA) were the altcoins that recorded the highest increase in whale activity. These rises may stem from not only price expectations but also trading volume and liquidity strategies. The thousand percent increase seen in KuCoin Token indicates a marked increase in interest from large investors in this altcoin. Market participants are discussing whether this activity will trigger possible price changes.
KuCoin Token (KCS) is at the top of the list and saw a 1000% increase in whale transactions over $100,000 in just one week. Despite a limited change of 0.36% in its price, there was an increase of over 80% in trading volume. This indicates a strategy where volume, rather than price, is the determinant.
The second-ranked USD Coin (USDC) showed a 587.32% increase in whale transactions in its version traded on the Avalanche network. As a stablecoin, there was no change in its price, but the altcoin drew attention with a daily trading volume exceeding $9.9 billion. This data confirms that large investors are intensively using stablecoins as a store of value and transfer tool.
Staked Ethena (sENA) ranked third on the list. The 567% increase in whale transactions coincided with a 3.88% decrease in price. This situation may indicate that some large investors may have taken profits or are trying different on-chain optimizations.
Wrapped Bitcoin (WBTC – Optimism network) ranked fourth with a 518% increase in weekly transactions. This coin, pegged to the price of Bitcoin, is particularly used as collateral in DeFi protocols. The increase in WBTC transactions may also indicate a concentration of leveraged trades.
The fifth-ranked Uniswap (UNI) has shown a 459% increase on the Ethereum network. However, a 2.5% decrease in its price has been observed. This situation may signal an increase in selling pressure. Similarly, the sixth-ranked Tether (USDT – Avalanche network) is also notable with a 431% increase in transactions, but its price remained stable. The volume increase in stablecoins is often regarded as preparation before volatility.
The Optimism (OP), Worldcoin (WLD), Curve (CRV), and Floki (FLOKI) that rank at the bottom of the list experienced transaction increases ranging from 224% to 387%. In particular, Worldcoin stands out with a 21% volume increase and a 4.5% price rise. These figures indicate that whales have a positive outlook on Worldcoin.
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