Top 10 Altcoins Seeing the Most Whale Activity This Week

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.

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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.

Alexander Stefanov