Whale Activity Explodes Across Multiple Chains – Here’s Who’s Leading
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 Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
