While Bitcoin (BTC) and altcoins have generally been in an upward trend in recent days, volatility has also been observed in prices.
While some investors prefer to wait on the sidelines in the face of these volatile movements, large investors called whales continue to make altcoin transactions.
At this point, cryptocurrency analysis company Santiment announced the 10 altcoins that experienced the highest increase in whale activity in its post.
Santiment noted that whale activity has shifted away from major altcoins this week, and listed 10 altcoins that whales are turning to:
“Whale activity has shifted away from large companies this week and toward many under-the-radar projects. Here are the top 10 coins that saw an increase in whale activity last week:
1-Frax Finance – FRAX (On Arbitrum) 2-Usddio – USDD (On Ethereum) 3-Fdlabshq – FDUSD 4-Axelar – AXL 5-Mantra Chain – OM 6-FTX Offical – FTT 7-The Sandbox – SAND 8-Rocket Pollfi – RETH 9-Quany Network – QUANT 10-Jasmy – JASMY
“When whale transactions increase, especially when the market value of an asset is falling, it is usually a sign of accumulation and a potential bottom.”
*This is not investment advice.