- KuCoin Token (KCS) records the highest spike in whale transfers with a 1000% increase.
- Santiment identifies 10 tokens with notable whale activity across Ethereum, Avalanche, and Optimism.
- Non-stablecoins in the list may indicate possible price trend reversals.
Whale transactions have surged across several large-cap cryptocurrencies this week, with KuCoin Token (KCS) showing the most dramatic increase, based on Santiment analytics data.
The report highlights significant shifts in holdings among high-value wallets, potentially signaling short-term market movements.
KCS Sees 1,000% Jump in Whale Transfers
Santiment flagged KuCoin’s native token KCS with a 1,000% week-over-week increase in large transfers, defined as transactions exceeding $100,000 USD.
These wallets often drive liquidity and volatility, especially when multiple large trades cluster around specific assets. The token trades at $10.76, after a paltry 0.6% rise in the past day. It has now extended its weekly gain to 3.8%, reducing its monthly loss to 3.6%.
Related: Kucoin Token (KCS) Price Prediction 2025-2030: Will KCS Price Hit $25 Soon?
USDC on Avalanche, Ethena’s sENA Also Attract Whales
Alongside KCS, whale movements of USDC stablecoin, specifically on the Avalanche network, ranked second, recording 587.3% growth. Staked ENA (sENA), the synthetic Ether-pegged token from Ethena Labs, followed in third place, demonstrating a 568% uptick in whale interest.
Its 24-hour price movement follows KCS, which trades at $0.3222 after a 0.7% rise. Its weekly loss stands at 3.7% after an impressive 15.4% surge in the past two weeks.
Stablecoins such as USDC and Tether’s USDT often appear in these rankings, particularly during periods of high market rotation. The presence of these tokens suggests whales are positioning liquidity, possibly in preparation for future market moves.
The rest of the top 10 list includes Wrapped Bitcoin (WBTC) on Optimism, Uniswap’s UNI on Ethereum, and Tether’s USDT on Avalanche. Optimism’s native OP token, Worldcoin’s WLD, Curve Finance’s CRV on Arbitrum, and FLOKI on Ethereum round out the list.
Related: Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges
While an increase in whale transfers doesn’t confirm price movement, historical trends show that such activity often precedes volatility or price direction shifts. Traders monitoring these assets may identify new entry or exit points, depending on market sentiment and technical indicators.
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