In the past 30 days, whale activity in the altcoin market has risen sharply. Santiment's analysis reveals the projects that have become leaders in large transactions.
Top 5 Altcoins by Whale Activity
According to Santiment, the top five altcoins that witnessed the highest surge in transactions over $100K include:
* Render (RNDR) – +426.44% * SPX6900 (SPX) – +363.04% * Sky (SKY) – +322.22% * BitDAO (BIT) – +300% * UNUS SED LEO (LEO) – +300%
Increase in Transaction Volumes
Notable gains are also observed in stablecoins Dai (DAI) and USDC on the Optimism platform. There is renewed interest in Layer-2 and DeFi platforms, particularly Optimism (OP) and Aave (AAVE).
Market Outlook
The increase in whale activity occurs amid market ranging conditions, which often leads to quiet accumulation of assets. Historically, sharp increases in whale transactions can signal accumulation ahead of significant price movements or strategic reallocations during periods of low volatility.
Thus, the observed rise in activity among major investors may herald new market trends and price changes for altcoins. Traders should monitor these tokens for potential developments in the market.
