Top Cryptos Experience Massive Surge in Whale Activity

Santiment has highlighted a surge in whale activity across several major digital assets, identifying ten projects with a market cap over $2 billion as the main recipients.

Leading the pack is Injective, with a staggering 456% increase in large-scale trades. Optimism rounds out the top ten, showing a 59% uptick.

In the analysis, Injective saw an 8% price rise over 24 hours and a 10% weekly gain. Wrapped Bitcoin followed closely, recording a 421% boost, though its value dipped slightly by 1.33% in the last day.

🐳 Among cryptocurrencies with at least a $2B in market cap, these are the projects seeing the highest rises in whale activity compared to the week prior:

1) @injective $INJ 🥇 +456% Rise
2) @wrappedbtc $WBTC 🥈 +421% Rise
3) @shibainucoin $SHIB 🥉 +360% Rise
4) @makerdao $DAI… pic.twitter.com/wagNpAgXEK

— Santiment (@santimentfeed) September 30, 2024

Shiba Inu, ranking third, saw a 360% increase, along with a 26.78% rise over the past week.

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Other notable entries include MakerDAO’s DAI, with a 147% gain, and PEPE, which rose by 109%, though its price has dropped 4.29% in the last day while still up 35.70% weekly.

Tether, DOGE, and Wrapped Ethereum also appeared on the list with strong whale activity. Optimism, despite ranking last, showed a solid 59% increase in transactions.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.