Recent Israeli airstrikes on Iran have triggered a sharp decline in the cryptocurrency markets. Amid this instability, there has been a noticeable increase in whale activity regarding altcoins like Shiba Inu, Compound, and UMA.
Whale Accumulation
Whale activity across several mid- and low-cap cryptocurrencies has surged in recent days, indicating potential price trend reversals. In its latest report, Santiment noted a spike in high-value transactions, suggesting that whales might be strategically accumulating or offloading assets.
Among tokens showing signs of accumulation, Shiba Inu, Ankr, and LCX have seen large increases in whale transactions that correlate with price gains or potential recoveries.
Shiba Inu (SHIB), the second-largest meme coin by market cap, recorded 527 whale transactions on June 5, marking the highest single-day count in five months. This activity coincided with a modest price increase, leading Santiment to believe it could be the early phase of a larger rally.
Whale Dumping
Conversely, Santiment has identified signs of whale dumping in assets such as SPX6900, Compound (COMP), and UMA. SPX6900, a satirical meme coin that surged 486% over three months, recorded 134 large transactions on June 9, likely indicating profit-taking by whales.
Similarly, Compound, a DeFi token allowing users to earn interest on crypto deposits, saw its highest whale transaction count since April 1, with 157 transfers on June 9, amidst a double-digit monthly price surge.
Market Prospects
UMA, a platform for creating synthetic assets without real-time price feeds, also raised red flags. It saw 27 whale transactions on June 8, the most in 2025, just as its price soared 52% from June 5-8. The timing suggests coordinated profit-taking. Abrupt increases in high-value transactions, particularly after rapid price gains, can be early indicators of local market tops and potential pullbacks.
Key changes in whale activity indicate potential trends in the cryptocurrency market. Observations from Santiment highlight both the potential for asset accumulation and possible dumping, prompting attention to price rises and falls in the days to come.
