Whale activity shifts to lesser-known projects, signaling interest in hidden market gems.
Stablecoins like FRAX, USDD, and FDUSD dominate with significant whale transaction spikes.
Interoperability and DeFi projects see rising whale interest amid declining market caps.
Whale activity has shifted from large-cap cryptocurrencies to lesser-known projects this week. This indicates growing interest in under-the-radar assets that may yield higher returns in volatile market conditions.
According to data from leading analytics firm Santiment, cryptocurrencies like Frax (FRAX), USDD, and Axelar (AXL) have seen increased whale transactions. This suggests that whales are accumulating these assets, especially as their market caps decline, signaling potential price bottoms.
Whale activity has transitioned slightly away from large caps this week, and into many under the radar projects. Here are the top 10 coins seeing increases in whale activity over the past week:
1) @fraxfinance $FRAX (On Arbitrum) 2) @usddio $USDD (On Ethereum) 3)… pic.twitter.com/HC1DmfXiDq
— Santiment (@santimentfeed) November 20, 2024
Frax, USDD, and FDUSD See Significant Whale Activity Gro…
The post Whales Shift Focus to Under-the-Radar Crypto Projects appeared first on Coin Edition.
