Whale Activity Signals Possible Turning Points for Key Altcoins, Says Santiment

A new analysis from Santiment suggests that large crypto investors—often referred to as “whales”—may be setting the stage for significant market moves across several altcoins.

The firm uses a metric that tracks blockchain transactions exceeding $100,000 to identify potential tops and bottoms, pointing to patterns where heavy activity often precedes sharp market reactions.

Drawing on historical cases—like the December 2017 Bitcoin crash and the mid-2021 rebound—Santiment notes that sudden whale surges have frequently coincided with major inflection points in the crypto market.

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In its latest breakdown, the firm highlights six altcoins seeing notable whale involvement. Three appear to be in accumulation zones, while three others could be facing near-term pressure.

Among those showing strength:

• SHIB hit a five-month high in whale trades on June 5, which was followed by a 10% price jump—potentially the beginning of a broader rally.
• ANKR, down 23% in the last month, saw eight major transactions on June 8, hinting at a possible turnaround.
• LCX registered its most active whale day since February on June 9, coinciding with an 8% price uptick.

On the caution side:

• SPX6900, after soaring nearly 500% in three months, saw 134 large transactions—likely profit-taking.
• COMP experienced 157 big moves on June 9, similar to a spike that preceded a local top in April.
• UMA surged over 50% earlier this month but hit its highest whale transaction count of the year on June 8, signaling potential selling pressure.

Santiment’s analysis suggests that whale behavior continues to serve as a critical indicator of upcoming volatility—whether it’s accumulation ahead of a rebound or distribution near a peak.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.