Here Are the Altcoins Seeing the Biggest Spike in Whale Activity

Blockchain analytics firm Santiment has identified several altcoins experiencing a surge in large transactions by major holders.

Analysts at the firm advise keeping an eye on assets with unusual spikes in whale activity, as these movements could indicate significant market shifts.

According to Santiment’s data, Fasttoken (FTN) and OCD recorded the highest increase in transactions exceeding $100,000 over the past week, both surging by 600%.

Dai on the Optimism network followed with a 462% rise, while Wrapped Ethereum on Optimism saw a 412% increase. PancakeSwap also experienced notable growth, with whale transactions jumping 203%.

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Dai on Avalanche and FTX Token both recorded a 100% rise in large transfers. USD Coin on the BNB network increased by 74%, Nexo by 60%, and AIOZ Network by 50%.

Despite leading the weekly list, FTN’s whale transactions have actually declined by 13% over the past month, suggesting that its recent spike may not indicate sustained activity. Similarly, both DAI and FTT have seen their whale movement decrease when looking at a longer timeframe.

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.