Santiment: Uptober is here, what coins are whales buying?
Release: 2024/10/01 14:09 Reading: 564
Whale Activity on Top Digital Assets Surges
Market intelligence platform Santiment released a list of the top ten cryptocurrencies with market caps exceeding $2 billion that have experienced the most significant whale activity compared to the previous week. Leading the charge is Injective (INJ) with an impressive 456% increase, followed by Bitcoin (WBTC) with a 421% surge and Shiba Inu (SHIB) with a 360% gain.
Key Findings:
Among cryptocurrencies with a minimum market cap of $2 billion, the following have witnessed the highest increases in whale activity:
- Injective (INJ): +456%
- Wrapped Bitcoin (WBTC): +421%
- Shiba Inu (SHIB): +360%
- MakerDAO (DAI): +147%
- PEPE (PEPE): +109%
- Tether (USDT): +74%
- USDe (USDe): +67%
- Dogecoin (DOGE): +67%
- Wrapped Ether (WETH): +62%
- Optimism (OP): +59%
Notable Observations:
- Injective (INJ) has a market cap of $2.4 billion and has experienced an 8.07% price increase in the past 24 hours.
- Wrapped Bitcoin (WBTC), despite the increase in whale activity, has experienced a 1.33% decline in the past 24 hours.
- Shiba Inu (SHIB) has a market cap of $10.7 billion and has surged by 26.78% in the past seven days.
- MakerDAO's DAI (DAI) is a stablecoin pegged to the US dollar and has a market cap of $5.3 billion.
Despite the volatility in the crypto market, these findings suggest increased whale activity for specific crypto projects, potentially indicating bullish sentiment among major investors.
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