Whale Activity in Altcoins

Cryptocurrency analytics company Santiment has published a list of altcoins experiencing unexpectedly high whale activity in the past week.

List of Altcoins with Increased Whale Activity

According to analysts, the following altcoins have seen a significant increase in whale activity:

1. PancakeSwap (CAKE) – 439.71%
2. USD Coin (USDC) – 407.55%
3. HEX (HEX) – 275%
4. Mantle (MNT) – 144.44%
5. Dai on BNB network (DAI) – 142.86%
6. WETH on Optimism Network (WETH) – 130.17%
7. WhiteBIT Token (WBT) – 100%
8. USD Coin (USDC) – 100%
9. Dai on Avalanche network (DAI) – 100%
10. UNUS SED LEO (LEO) – 100%

Remarkably, CAKE, which has the lowest market value among these altcoins, has recently attracted whale activity and was the only token to gain value in the last day.

It’s important to note that this list evaluated only altcoins with a total market value of $500 million. The increase in transactions worth at least $100,000 was considered as whale transactions.

This is not investment advice.