During the Bitcoin and Altcoin Rally, Big Whales Were Extremely Active in These Altcoins –
Cryptocurrency analytics firm Santiment has announced the altcoins with the highest increase in transactions over $100,000 in the past week. According to the data, along with the positive trend in the crypto market, some projects have seen notable increases in whale activity.
Mantle (MNT) topped the list with a 935.9% increase in whale transactions, followed by Wrapped Bitcoin (WBTC) with a 502.33% increase on the Optimism network and KuCoin Token (KCS) with a 350% increase.
The top 10 altcoins with the highest weekly whale activity increase are as follows:
Mantle (MNT) – 935.9%
Wrapped Bitcoin [on Optimism network] (WBTC) – 502.33%
KuCoin Token (KCS) – 350%
$ENS Ethereum Name Service (ENS) – 315.31%
WETH [on the Polygon network] (WETH) – 281.19%
Pendle [on the Ethereum network] (PENDLE) – 214%
Pendle [on the Arbitrum network] (PENDLE) – 192.11%
StakeWise Staked ETH (osETH) – 189.61%
Tether [on Avalanche network] (USDT) – 171.11%
Usual USD (USD0) – 123.86%
Another striking detail is that some projects on the list have seen increased whale activity despite price drops. For example, while ENS has lost 5.12% of its value in the last 24 hours, whale transactions have increased significantly.