This week, there has been a significant increase in whale transactions across several major cryptocurrencies. KuCoin Token (KCS) stands out with the most dramatic rise.
KCS Sees 1000% Jump in Whale Transfers
According to Santiment analytics, KuCoin Token (KCS) recorded a 1000% week-over-week rise in large transactions defined as those exceeding $100,000 USD. This activity indicates notable shifts in holding volumes. Currently, KCS is trading at $10.76, showing a slight 0.6% increase over the last day.
Whale Activity Among Other Tokens
In addition to KuCoin Token, Santiment also highlights 10 other cryptocurrencies exhibiting notable whale activity, including Ethereum, Avalanche, and Optimism. This information may point to future trading opportunities among various tokens.
Possible Market Trend Changes
Overall increases in activity among non-stablecoins may indicate potential changes in price trends. By observing whale activity, investors may consider market volatility and liquidity.
Thus, the sharp changes in whale transactions observed in KuCoin Token and other cryptocurrencies may signal significant market changes in the near future.
