Large crypto holders have been on the move this week, with fresh figures revealing a surge in big-ticket altcoin transactions across multiple networks.
The data shows that a number of projects are witnessing unusually sharp growth in trades exceeding $100,000, even in cases where prices have dipped.
Mantle (MNT) emerged as the most notable mover, recording a massive 935.9% jump in whale transactions compared to the previous week.
Not far behind, Wrapped Bitcoin (WBTC) on the Optimism network soared 502.33%, followed by KuCoin Token (KCS) with a 350% increase.
Other tokens attracting heavy whale attention include Ethereum Name Service (ENS) with a 315.31% rise, WETH on Polygon climbing 281.19%, and Pendle showing strong gains on both Ethereum (+214%) and Arbitrum (+192.11%).
StakeWise Staked ETH (osETH), Tether on Avalanche, and Usual USD (USD0) also made the top ten, each recording triple-digit growth in large transactions.
Interestingly, the spike in whale movements isn’t strictly tied to price gains. ENS, for example, saw its value slip by over 5% in the past day, yet whale trades still surged — a pattern often linked to accumulation by long-term investors preparing for a potential rebound.
With major players shifting significant amounts of capital across various chains, analysts warn that the coming weeks could bring heightened volatility for these assets.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/whale-activity-explodes-across-multiple-chains-heres-whos-leading/