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Home»Altcoins»Here Are the Top 10 Crypto Assets by Whale Transactions This Week
Altcoins

Here Are the Top 10 Crypto Assets by Whale Transactions This Week

NBTCBy NBTC03/02/2025No Comments2 Mins Read
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Analysts have identified a significant trend in whale behavior that could indicate the direction of the cryptocurrency market in the short term. On-chain data shows that the MakerDAO DAI stablecoin on the BNB chain recorded an over 800% increase in whale transactions this week, making it the highest increase among altcoins with over $500 million market caps.

This week, three stablecoins were among the top ten ranked digital assets by the increase in whale transactions, suggesting that funds are being accumulated for potential swaps with altcoins common to their trading pairs. Aside from MakerDAO on BNB, the other two stablecoins are MakerDAO on Arbitrum and a similar stablecoin on the Polygon chain.

Analysts review whale activities like transaction volume changes to gauge the crypto market’s pulse and make predictions. Therefore, crypto whale transactions across other digital asset ecosystems remain crucial in market analysis, especially when they involve significant volumes.

For instance, out of the top ten projects with the highest increases in whale transactions this week, only three are stablecoins, meaning that crypto whales accumulated a notable volume of altcoins. Some altcoins that experienced massive increases in whale transactions include DeXe Protocol’s DEXE, with an over 250% surge in whale transactions, and LayerZero’s ZRO on Optimism, with an over 200% increase.

Related: Crypto Whales Target Altcoins: Volatility Risks to Smaller Investors

AAVE whales increased their transaction volumes by over 200% this week, while TEL and GT experienced over 100% increase in transaction volumes. The remaining altcoins in the top ten categories of increased whale transactions are XRP, with an over 81% increase, and ONDO, which saw an over 59% increase.

For analysis purposes, it’s crucial to note that altcoins with significantly high whale activities are more likely to experience price reversals. Notably, whales are known for focusing on profit-taking and buying the dips. Therefore, accumulating a particular crypto would suggest a sell-off to claim profit at some point.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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