Santiment Tracks Rising Whale Activity Across Crypto Tokens
On-chain analytics platform Santiment has released a new ranking highlighting the top tokens by growth in whale activity over the past seven days.
The list focuses on changes in large-holder behavior rather than price performance, providing insight into where significant capital is becoming more active on-chain.
Top 10 Tokens by Weekly Whale Activity Growth
According to Santiment, the tokens showing the strongest increase in whale activity over the last week are:
- Cronos (CRO)
- Bitget Token (BGB)
- WETH on Optimism
- USD Coin on Optimism (USDC)
- LayerZero on Arbitrum (ZRO)
- Dai on BNB Chain (DAI)
- LayerZero on Ethereum (ZRO)
- Usual USD (USD0)
- Mantle (MNT)
- Kelp DAO Restaked ETH (RSETH)
The presence of the same assets across multiple chains highlights how whale behavior increasingly spans multi-chain environments.
What Whale Activity Signals — and What It Doesn’t
An increase in whale activity does not automatically imply accumulation or bullish intent.
Santiment’s whale metrics track heightened transaction activity from large wallets, which may include:
rebalancing,
cross-chain transfers,
liquidity provisioning,
protocol usage,
or strategic repositioning.
As a result, whale activity should be interpreted as a signal of engagement rather than a direct buy or sell indicator.
Strong Presence of Stablecoins and Infrastructure Tokens
One notable trend in the ranking is the heavy presence of stablecoins and infrastructure-related assets.
USDC, DAI, and USD0 appearing on the list suggests heightened liquidity movement rather than pure speculative positioning. Meanwhile, infrastructure tokens such as LayerZero and Mantle point to ongoing activity around interoperability and modular blockchain stacks.
Multi-Chain Activity Continues to Grow
Several tokens appear across different networks, including WETH, USDC, DAI, and LayerZero.
This reflects a broader shift toward multi-chain capital flows, where large holders actively move assets between ecosystems to access yield opportunities, liquidity, or protocol incentives.
Such behavior reinforces the importance of cross-chain infrastructure in the current market environment.
Why This Matters for Market Structure
Whale activity often increases during periods of transition rather than clear directional trends.
Historically, elevated on-chain movement from large holders has coincided with:
market consolidation phases,
early accumulation or distribution periods,
pre-positioning ahead of major narrative shifts.
Tracking these changes can help contextualize market structure, even if it does not offer immediate trading signals.
Final Thoughts
Santiment’s latest whale activity ranking highlights where large wallets are becoming more active, not where prices are necessarily headed next.
The dominance of stablecoins, infrastructure tokens, and multi-chain assets suggests that large players are focused on flexibility and positioning rather than outright risk-taking.
As always, whale activity is best used as a contextual signal — not a standalone strategy.
BTCUSA Comment
Whale activity tends to rise when markets are uncertain, not when trends are obvious. The strong presence of stablecoins and cross-chain infrastructure tokens suggests preparation and repositioning rather than speculative euphoria. For on-chain observers, this ranking is less about timing trades and more about understanding where liquidity is quietly moving behind the scenes.
