Cryptocurrency data firm Santiment recently revealed a list of altcoins that have seen significant whale activity over the past week.
The report highlights a notable surge in transactions from large investors, shedding light on which tokens are currently attracting the most attention from high-net-worth players in the market.
Among the top performers, PancakeSwap (CAKE) stands out with an eye-popping 439.71% increase in whale activity, followed by USD Coin (USDC) at 407.55%.
Other tokens such as HEX (HEX), Mantle (MNT), and Dai (DAI) on the BNB network also saw notable increases in whale interest, ranging from 142% to 275%. Additionally, the WhiteBIT Token (WBT) and Dai on the Avalanche network (DAI) both recorded 100% growth in whale participation.
Interestingly, despite CAKE’s relatively low market cap, it managed to attract the most whale interest. Notably, it was the only altcoin from the list to show a gain in value over the past 24 hours. It’s important to note that this list includes altcoins with a market capitalization of at least $500 million and tracks whale transactions worth $100,000 or more.
The surge in whale activity across these altcoins signals growing interest in specific projects, raising questions about potential price movements and market sentiment in the coming days.
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