Cryptocurrency analysis platform Santiment announced the projects that showed the biggest increase in whale transactions over $100,000 in the last week. According to the data, Ethereum Name Service (ENS), Compound (COMP) and Virtuals Protocol (VIRTUAL) were among the prominent projects.
“These are the projects that have shown the biggest increases in whale transactions this week compared to last week. In projects other than stablecoins, there is a high probability of price reversals and volatility among this group,” Santiment's assessment said.
Santiment listed the altcoins with the highest whale transaction growth as follows:
- Ethereum Name Service (ENS): 313.46% increase
- Compound (COMP): 203.81% increase
- Virtuals Protocol (VIRTUAL): 202.13% increase
- Dai [on BNB network] (DAI): 200% increase
- USD Coin [on Arbitrum network] (USDC): 200% increase
- Mantle (MNT): 175% increase
- OCD: 166.67% increase
- USD Coin [on Optimism network] (USDC): 100% increase
- WETH (WETH): 82.26% increase
- SPX6900 (SPX): 76.54% increase
It was noteworthy that memecoins were also among the altcoins with increasing whale activity.
*This is not investment advice.
