Here Are the Altcoins Gaining Momentum as Bitcoin Rallies

Bitcoin’s rise past $102,000 has sparked renewed momentum across the cryptocurrency market, with altcoins benefiting from heightened investor interest.

Analytics platform Santiment has identified a significant uptick in whale activity targeting specific tokens. Among the top performers, MakerDAO’s DAI (BSC) leads with an 800% increase in transactions, followed by Dexe Network (DEXE) at 250% and Aave (AAVE) on Polygon, which surged by 200%.

Other tokens, such as Telcoin (TEL) and XRP, also saw notable increases, with activity rising by 100% and 81%, respectively.

This intensified activity is often a precursor to major market shifts, as whales typically position themselves during periods of profit-taking or strategic accumulation. Santiment also pointed out that stablecoins like DAI, which appeared multiple times on the list, often signal upcoming investments in ETH-based altcoins.

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This trend suggests a calculated move by large-scale investors to leverage potential growth in the broader altcoin market.

As whales move significant capital, their activity provides insights into potential market directions and opportunities for retail investors. This surge in transactions could pave the way for further price appreciation in targeted altcoins, highlighting the ongoing evolution of the crypto market as investors prepare for the next growth phase.

The recent activity underscores the critical role of whale behavior in shaping market trends and influencing broader crypto adoption.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.