Recent days have shown significant whale activity in the altcoin market. Analyzing this activity can help forecast future price movements.
Potential Bottom Signals
Cryptocurrency **Shiba Inu (SHIB)** recorded 527 whale transactions on June 5, marking a five-month high. Since then, the token has risen by 10%, which Santiment interprets as a possible early stage of a broader rally. This pattern mirrors previous cycles when heightened whale interest preceded price recoveries.
**Ankr (ANKR)**, despite a 23% decline over the past month, demonstrated renewed whale interest with eight significant transactions on June 8. Santiment notes that similar spikes in ANKR’s past have often led to upward price movements.
**LCX (LCX)**, the utility token of the Liechtenstein-based LCX exchange, saw 12 whale transactions on June 9—the highest since February. Following these, the token posted an 8% gain, which may signal the beginning of a reversal.
Possible Top Indicators
The cryptocurrency **SPX6900 (SPX)**, having gained 486% over three months, now faces potential cooling. A total of 134 whale-sized transactions on June 9 suggest profit-taking among large holders, which may indicate a local top, according to Santiment.
**Compound (COMP)** surged 50% in June and logged 157 large transactions on June 9. This mirrors activity seen during its previous local top on April 1. Analysts caution that COMP may be nearing short-term exhaustion.
**UMA (UMA)** spiked 52% between June 5 and 8. On June 8, it recorded 27 whale transactions—the highest count in 2025. This wave of activity suggests that whales are likely taking profits, pointing to a potential price peak.
Conclusion
Santiment’s whale transaction analysis has proven prescient in past market cycles, identifying pivotal moments when sentiment among major holders shifts. Investors watching SHIB, ANKR, and LCX may see opportunity, while caution is advised around SPX, COMP, and UMA as whale selling could foreshadow local tops.
Whale movements in the cryptocurrency market continue to serve as an important indicator for investors. It is crucial to closely monitor the activity of major holders to determine potential market trends.
