Aave (On Polygon) Leads the Charge as Whales Initiate Accumulation of Several Altcoins

Santiment, a leading cryptocurrency analytics firm, has identified several altcoins that have experienced a significant rise in large transactions

Crypto analytics firm Santiment has identified several altcoins that have seen the most substantial growth in transactions exceeding $100,000 over the past week.

According to the firm’s latest analysis, there has been a notable increase in whale activity, suggesting a pattern of accumulation. Some market observers believe that if the broader crypto rally continues, these tokens could gain an advantage due to the heightened interest from large holders.

Among the altcoins displaying the most significant growth in transactions exceeding $100,000, Aave on Polygon’s network recorded a 266% increase, while HEX followed closely with a 255% rise. OKX experienced a 200% surge in transactions. Cardano also saw transactions escalate by 193%.

Optimism recorded a 139% increase, Trillioner was up 133%, and Bitcoin Cash saw a 127% jump. Curve on the Arbitrum network, BitDAO, and GateToken all experienced a 100% rise in high-value transactions.

Of the assets mentioned, Curve has the smallest market capitalization at approximately $581 million, whereas Cardano stands out as the most highly valued.

The increasing volume of large-scale transactions suggests that whales may be strategically accumulating these assets, potentially signaling bullish momentum in the near future.