Whale transactions have surged across several large-cap cryptocurrencies this week

KuCoin Token (KCS) saw the most dramatic surge in whale transactions this week, showing a 1,000% week-over-week increase in large-value transfers, according to crypto analytics firm, Santiment.

These large transactions, defined as transactions exceeding $100,000 USD, saw the greatest shift in favor of KCS, with KuCoin Token spearheading the list.

The shift in large-value transactions towards KCS is noteworthy, as these high-liquidity wallets can influence market volatility, especially when clusters of large trades are observed around specific assets.

The token rose a paltry 0.6% in the past day to reach $10.76. It has now extended its weekly gain to 3.8%, reducing its monthly loss to 3.6%.

The top 10 cryptocurrencies with the greatest increase in large-value transfer activity are:

KCS saw a 1,000% rise in weekly large-value transactions.

USDC on Avalanche saw a 587.3% rise in weekly large-value transactions.

sENA saw a 568% rise in weekly large-value transactions.

OP saw a 550% rise in weekly large-value transactions.

WBTC on Optimism saw a 533.3% rise in weekly large-value transactions.

UNI saw a 466.7% rise in weekly large-value transactions.

Optimism saw a 450% rise in weekly large-value transactions.

WLD saw a 433.3% rise in weekly large-value transactions.

CRV on Arbitrum saw a 416.7% rise in weekly large-value transactions.

FLOKI saw a 400% rise in weekly large-value transactions.

Stablecoins, like USDC and Tether’s (CRYPTO: USDT) USDT, often feature prominently in these rankings, especially during periods of high market rotation. The presence of these tokens suggests whales are positioning liquidity, possibly preparing for future market moves.

Increases in whale-value transfers don’t necessarily confirm price movements, but traders may find these shifts useful, especially when considering broader market trends and technical indicators.