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.

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.