These Crypto Projects Are Seeing the Highest Increase in Whale Activity

Top Crypto Projects with a Surge in Whale Activity

Despite the volatile crypto market, large investors, known as whales, continue to actively engage in transactions. Data analysis by Santiment, an intelligence firm, has identified the ten crypto projects with the highest influx of whale activity, involving transactions worth $100,000 or more.

Projects with Elevated Whale Activity

The top three projects with the most prominent increase in whale activity are:

1. SuperRare ($RARE): An Ethereum-based NFT and digital art marketplace with a native token, RARE, boasting a volume of $22.42 million.
2. PepeFork ($PORK): A meme coin project with a volume of around $1.67 million.
3. Stargate Finance ($STG): An Arbitrum-based liquidity transport bridge for decentralized finance (DeFi), with a volume of $5.56 million.

Following these projects is the Polygon Ecosystem Token ($POL), whose increased whale activity coincides with the recent token migration on the Polygon network. This migration aimed to enhance its utility and align with the protocol's vision of integrating blockchains. POL has witnessed a 1,345% surge in whale activity over the past 30 days.

The fifth project with notable whale activity is Carrieverse ($CVTX), a web3 gaming metaverse that has experienced a 1,000% growth in the past month. Other projects include SelfKey (KEY), Tokemak (TOKE), Rally (RLY), Renzo (REZ), and Voxie Tactics (VOXEL).

BTC and ETH on the Decline

In contrast to the surge in whale activity for certain projects, major crypto assets like Bitcoin (BTC), Ethereum (ETH), and others have witnessed a significant decrease in whale activity. Santiment suggests that this trend aligns with heightened market volatility, indicating that whales may be adjusting their assets to capitalize on price fluctuations.