#BTCBreaks100K? This week, the activity of large investors has shifted from large-cap cryptocurrencies to less well-known projects. According to the analytical company Santiment, a significant increase in the number of crypto deposit transactions is observed in the cryptocurrencies Frax (FRAX), USDD and Axelar (AXL).
FRAX in the Arbitrum network recorded an 850% increase in the number of transactions of large market participants. The current price of the asset is at $0.995842, and the trading volume in 24 hours reached $15.57 million. Despite the fact that the price of Frax has risen by only 0.01% over the past day, this activity indicates a growing interest in the project from whales.
The activity of large holders in USDD on Ethereum also increased by 700%. The trading volume of the stablecoin amounted to $7.87 million. The number of whale transactions with First Digital USD ($FDUSD
), another Ethereum stablecoin, increased by 397.06%. Despite a slight decrease of 0.01% to $0.998021, trading volume rose to $9.94 billion.
Axelar ($AXL
), known for its compatibility solutions, has recorded a 300% increase in the number of large transactions. The current price of the asset is $0.699676, which is 2.09% lower than the day before. However, the trading volume rose to $20.48 million.
Among other cryptocurrencies that noted an increase in the activity of large holders, analysts at Santiment named MANTRA ($OM
), the FTX token (FTT), Sandbox (SAND), Rocket Pool ETH (RETH), Quant (QNT) and JasmyCoin (JASMY).