Santiment, Bitcoin (BTC) Reveals 10 Altcoins Flooded by Whales as it Rises!

In recent days, Bitcoin and altcoins have experienced a recovery, with BTC price surpassing $102,000. As altcoins also saw a general rise, this increase has also spurred the whales.

At this point, the cryptocurrency analysis company Santiment has revealed the top 10 altcoins experiencing the highest increase in whale activity.

"Among altcoins with a market value of over $500 million, the projects that experienced the biggest increase in whale transactions this week are as follows:

1. Maker DAO – DAI (BNB): +800%

2)Dexe Network – DEXE : +%250

3)Layer Zero – ZRO (Optimism): +200%

4. Aave - AAVE (Polygon): +200%

5. Maker DAO - DAI (Arbitrum): +182%

6)Telcoin – TEL : +100%

7. gate token - GT: +100%

8)Ripple – XRP : +81%

9)Maker DAO – DAI (Polygon): +182%

10)Ondo Finance – ONDO : +59%”

Samtiment finally stated that the current price trend in altcoins, which has seen a general increase in whale activity, is likely to reverse. This is because whales are usually more active during profit-taking (selling) or bottom-buying times.

Santiment said that the increasing activity in stablecoins, apart from altcoins, is generally a good sign that a large amount of funds are ready to be exchanged with altcoins that are widely used with that stablecoin.

For example, the increasing activity in Dai (shown 3 times in this list) is generally a sign of buying ETH-based altcoins.