Whale Activities in Top Crypto Projects Undeterred by Market Unpredictability
Crypto market volatility does little to deter large-scale investors, with whale activities being observed across various cryptocurrency projects.
Alexander at Santiment Discusses Top 10 Cryptos
In a Twitter update, data intelligence firm Santiment has revealed the top ten cryptocurrency projects showcasing an increase in whale activities – transactions worth $100,000 or more – while the broader market endures unpredictable and downward dips. The analyzed data corresponds with a snapshot taken approximately two months prior.
Crypto markets may be unpredictable for now, but whales never fully sleep. Here are the 10 projects seeing the highest increase in whale activity (amount of $100K+ transactions):
1) @superare $RARE
2) @pepeforketh $PORK
3) @stargatefinance $STG
4) @0xpolygon $POL…— Santiment (@santimentfeed) September 6, 2024
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Three Ethereal-Backed Platforms Show Exponential Growth in Whale Activities
The trio that dominates this list shares connections to Ethereum, either explicitly or indirectly. For one, the non-fungible token (NFT) marketplace SuperRare recorded an 4,087% spike in whale activity during the span from July to August; NFT enthusiast PepeFork boasted a significant uptick at 2,400%; and Composability Layer Stargate Finance grew its large order activity by 2,083%, all linked back to their Ethereum root and market interest.
Major Winners: A Break-Down of Growth
Polygon Ecosystem Token $POL (2,456 %)
