在表面下，区块链分析平台的鲸鱼活动急剧上升

在表面下，区块链分析平台在许多大型加密货币中的鲸鱼活动急剧上升。

An analysis by blockchain analytics platform Santiment has revealed a striking increase in whale activity across a number of large cryptocurrencies.

区块链分析平台的分析表明，许多大型加密货币的鲸鱼活动有惊人的增加。

This finding, which might give some pause to consider what it might mean for us common folk trading these crypto assets, is due to the fact that whales are powerful entities. They can make or break a market, as they say, by their sheer presence. And in the last week, the 10 cryptocurrencies with the largest percentage increases in transfers to and from entities holding over a million units were not top-tier assets by any means.

这一发现可能会暂停考虑这对我们对这些加密资产的普通民间的意义，这是由于鲸鱼是强大的实体。正如他们所说，他们可以通过纯粹的存在来建立或破坏市场。在最后一周，持有超过一百万辆的实体的转移和来自持有的实体的10次加密货币并不是一流的资产。

The cryptocurrencies with the highest percentage increases in transfers to and from entities holding over 1 million units in the last week are (in no particular order): KCS, USDC (Avalanche), sENA, and WBTC (Optimism).

在上周，往返100万个单位的实体的转移率最高的加密货币（没有特别的顺序）：KCS，USDC（Avalanche），Sena），Sena和WBTC（乐观）。

Other notables in the bunch include UNI, USDT (Avalanche), OP, WLD (Optimism), CRV (Arbitrum), and FLOKI.

束中的其他著名人物包括Uni，USDT（Avalanche），OP，WLD（乐观），CRV（intivum）和Floki。

🐳 Several cryptocurrencies saw massive increases in whale activity this week. These are the top 10, according to percentage changes among $500M+ marketcaps.

🐳本周几次加密货币的鲸鱼活动大大增加。根据5亿美元以上的市场贴图的百分比变化，这是前10名。

📌 1) @kucoin $KCS

📌1）@cocoin $ kcs

📌 2) @circle $USDC (On Avalanche)

📌2）@circle $ usdc（在雪崩上）

📌 3) @ethena_labs $sENA

📌3）@ethena_labs $ sena

📌 4) @wrappedbtc $WBTC (On…https://t.co/qfuGvOPmYA— Santiment (@santimentfeed) April 30, 2025

📌4）@wrappedbtc $ wbtc（on…https：//t.co/qfugvopmya- santiment（@santimentfeed）2025年4月30日

At the head of the list is KCS, the native token of KuCoin, which saw the highest percentage increase in whale transfers among the tracked group. KuCoin exchange has seen a recent uptick in both user engagement and scrutiny, which could mean that its internal wallet movements or outflows to institutions are part of some recent token accumulation. These transfers don’t always mean there are buys or sells happening, but they do often come before a price move, which is something traders tend to watch.

名单上的是KCS，KCS是Kucoin的本地令牌，在追踪组中，鲸鱼转移的百分比最高。 Kucoin Exchange最近在用户参与度和审查中都提出了上升，这可能意味着其内部钱包的动作或向机构流出是最近一些令牌积累的一部分。这些转移并不总是意味着发生或出售的情况正在发生，但是它们通常是在价格转移之前出现的，这是交易员倾向于观看的。

Among the tokens added to the list, the Uniswap token (UNI), the native OP token from Optimism, and the Worldcoin token (WLD)—which both operate on the layer-2 Optimism network—are some of the biggest.

在列表中添加的代币中，Uniswap令牌（UNI），乐观的本机OP令牌以及在第2层乐观网络上运行的WorldCoin令牌（WLD）是最大的。

Whale transfers of these tokens may indicate upcoming governance decisions, asset unlocks, or speculative activity. Given the substantial network overlap these tokens have, it would appear that Optimism Capital is Concentrating this week.

这些令牌的鲸鱼转移可能表明即将进行的治理决策，资产解锁或投机活动。鉴于这些代币的实质网络重叠，似乎乐观资本本周集中。

The CRV of Curve on Arbitrum is also very prominent. With CRV often serving as a token that incentivizes liquidity in DeFi protocols, large-scale movements could soon signal a major shift either in strategy (if the movement is toward better liquidity) or in market dynamics (if the movement is toward worse liquidity). Host to another rising whale, the meme coin turned utility project, FLOKI, rounds out the list. With movements in FLOKI seemingly also correlated to some upcoming announcements or just some good, ole hype cycles, sloshing around a still very liquid Ethereum could do any number of things in terms of price effects even if the liquid in question is not doing very much in the way of providing real economic value.

仲裁曲线的CRV也非常突出。随着CRV通常充当激励DEFI协议中流动性的代币，大规模的运动可能很快就会表明战略的重大转变（如果运动朝着更好的流动性迈进）或市场动态（如果运动朝着较差的流动性降低）。主持人是另一个上升的鲸鱼，Meme Coin变成公用事业项目Floki将列入榜单。随着Floki的运动似乎也与一些即将发布的公告或仅仅是一些好的Ole炒作周期相关，即使在相关的液体并没有在提供实际的经济价值方面做很多事情，绕仍然非常液体的以太坊都可以在价格效应方面做任何事情。

For a long time, assets on comparable whale transfer lists—especially non-stablecoin assets—have shown a greater chance of short- to mid-term price reversals. But here’s the thing: this isn’t a guaranteed indicator. And the reason it isn’t shouldn’t really be surprising. After all, the price of an asset is influenced by a whole lot of (often unpredictable) factors.

长期以来，可比较的鲸鱼转移清单（尤其是非稳定资产）上的资产显示出更大的短期至中期价格逆转的机会。但这是事实：这不是保证的指标。而且原因不应该真正令人惊讶。毕竟，资产的价格受到很多（通常是不可预测的）因素的影响。

For traders and investors, this data represents a key opportunity to identify potential entry or exit points. While stablecoin movements typically suggest preparatory positioning, the behavior in volatile tokens like KCS, sENA, UNI, and CRV may offer more actionable signals, especially when paired with price momentum or technical indicators.

对于交易者和投资者，此数据代表了确定潜在进入或退出点的关键机会。尽管稳定的运动通常建议进行预定位置，但KCS，Sena，Uni和CRV等挥发性令牌中的行为可能会提供更多可操作的信号，尤其是与价格动量或技术指标配对时。

These changes in whale behavior are likely to affect the broader trading story in the days ahead, and they could have an effect on volatility, which is already picking up in major markets.

鲸鱼行为的这些变化很可能会影响未来几天的更广泛的交易故事，并且它们可能会影响波动，这已经在主要市场中浮现。