Whale Activity Surge Highlights Altcoins Gaining Momentum This Week

Santiment, a cryptocurrency analytics firm, has highlighted several altcoins that have experienced a notable rise in whale transactions over the past week.

The analysis focused on transactions exceeding $100,000, comparing the data with figures from the previous week. This surge in activity, particularly as February begins, suggests that these altcoins might be drawing interest from larger investors.

The list includes Dai (DAI) on the BNB network, which saw a significant 400% increase in whale transactions, followed by Floki (FLOKI) on the BNB network with a 286% rise. Chintai (CHEX) experienced a 256% boost, while Aave (AAVE) on the Polygon network saw a 216% increase.

Jasmy (JASMY) followed with a 174% rise, and ApeCoin (APE) saw a 166% increase. Maker (MKR) and Cronos (CRO) both experienced a 144% jump, while KuCoin Token (KCS) saw an 110% boost. Renzo Retaken ETH (EZETH) also experienced a 102% increase.

READ MORE:

Analyst Warns Ethereum Could Drop Further as U.S.-China Trade Tensions Escalate

Notably, both CHEX and EZETH, despite their relatively low market values, have gained attention. CHEX is known for being a real-world asset within the Ethereum ecosystem, and EZETH serves as a solution for Ethereum retaking.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.