A recent report from Santiment, titled 'Following the Whales? Watch These Coins', revealed how large holders of cryptocurrencies, known as 'whales', are shaping the market in 2025.
Based on detailed data, the study highlights that the actions of these investors can be crucial indicators for bullish or bearish trends in cryptocurrency prices.
Whales are individuals or organizations that hold large amounts of a specific cryptocurrency. Due to their financial power, their transactions can significantly influence the market.
For example, a sudden increase in high-value transactions (above $100,000 or $1 million) often precedes significant price movements. The report cites the case of Bitcoin in December 2017, when a spike in whale transactions preceded a drastic drop in the value of the currency.
The report identified six cryptocurrencies that are attracting attention due to recent whale activity.
Cryptocurrencies on the whales' radar
On June 5, 2025, there were 527 whale transactions recorded with Shiba Inu (SHIB), the highest number in five months. Since then, the market value of SHIB has risen by 10%, suggesting a possible start of a sustained uptrend.
Another cryptocurrency on the whales' radar is Ankr (ANKR). Despite a 23% drop in recent weeks, an increase in whale transactions on June 8 may indicate an imminent recovery, similar to what happened in late May.
According to the report, on June 9, the LCX Token (LCX) reached the highest number of whale transactions since February, accompanied by an 8% appreciation. On the other hand, some coins showed signs of distribution by the whales, indicating possible declines.
Profit realization
The increase in high-value SPX6900 transactions suggests that large holders are realizing profits. Besides SPX, another cryptocurrency that whales are selling is Compound (COMP). Despite a 50% increase in June, the peak of 157 whale transactions on June 9 may be a sign of caution.
With 27 whale transactions on June 8, the largest of the year, the UMA token may also be about to undergo a correction after a 52% increase.
Why monitor the whales?
The Santiment report reinforces a crucial point: in the volatile world of cryptocurrencies, whales continue to be determining agents. Thus, their movements can signal bullish or bearish trends, serving as a valuable thermometer for those looking to understand the market.
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The report explains that when there are significant transfers of cryptocurrencies by these large players to exchanges, it often precedes downturn periods. On the other hand, phases of accumulation by whales tend to precede price increases.
However, it is essential to remember that these indicators are not absolute. Factors like the macroeconomic scenario, institutional adoption, and even global news also influence prices.