Shiba

Injective

Pepe

PEPE

Shiba Inu

Market intelligence platform Santiment released a list of the top ten digital assets with a market cap of more than $2 billion that have witnessed the most significant whale activity compared to the week before. Injective leads the pack with a 456% rise, while optimism ranks tenth with a 59% rise.
The crypto market has been largely unpredictable and volatile. However, the market intelligence platform Santiment reveals that whale activity has increased for some crypto projects.&nbsp;
<h3 id="span-style-font-weight-400-santiment-highlights-projects-with-the-most-whale-activity-span">Santiment highlights projects with the most whale activity</h3>
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 🐳 Among cryptocurrencies with at least a $2B in market cap, these are the projects seeing the highest rises in whale activity compared to the week prior:
 1) <a href="https://twitter.com/injective?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@injective</a> <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$INJ</a> 🥇 +456% Rise 2) <a href="https://twitter.com/WrappedBTC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@wrappedbtc</a> <a href="https://twitter.com/search?q=%24WBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$WBTC</a> 🥈 +421% Rise 3) <a href="https://twitter.com/ShibainuCoin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@shibainucoin</a> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$SHIB</a> 🥉 +360% Rise 4) <a href="https://twitter.com/MakerDAO?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@makerdao</a> <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$DAI</a>… <a href="https://t.co/wagNpAgXEK" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/wagNpAgXEK</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1840858442367713304?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 30, 2024</a>
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A recent analysis from Santiment reveals a list of ten crypto projects that seem to be the main beneficiaries of whale activity. Injective (INJ) tops the list and leads the pack with a 456% rise. The crypto asset has a market cap of $2.4 billion. The asset’s price has witnessed an 8.07% increase in the last 24 hours and 10.92% in the last 7 days, according to <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow" target="_blank">Coinmarketcap</a>.&nbsp;
Wrapped BTC (WBTC) claims the second position with a 421% increase in whale activity, while Shiba Inu (SHIB) takes the third position with a 360% surge. Despite appearing on Santiment’s list, wrapped BTC is down 1.33% in the last 24 hours. 
Wrapped BTC is a tokenized model of Bitcoin on the Ethereum blockchain with a market cap of $9.7 billion. On the other hand, Shiba Inu is down 2.17% but has surged by 26.78% in the last seven days. Shiba Inu has a market cap of $10.7 billion.
MakerDao’s DAI claims the fourth spot with a 147% rise. The digital asset is a stablecoin offered by the Maker Protocol and the MakerDAO. The stablecoin has a market cap of $5.3 billion and is pegged to the US dollar in a ratio of 1:1.
<h3 id="span-style-font-weight-400-pepe-holds-the-fifth-position-with-a-109-rise-as-tether-follows-with-a-74-gain-span">PEPE holds the fifth position with a 109% rise, as Tether follows with a 74% gain&nbsp;</h3>
Pepe (PEPE) comes in fifth with a 109% rise and has a market cap of $4.5 billion. Pepe’s price has dipped 4.29% in the last 24 hours but has surged by 35.70% in the last seven days. Tether’s stablecoin USDT follows in second position with a 74% rise and a market cap of $119.6 billion.&nbsp;
Ethena Labs’ stablecoin USDe, Dogecoin (DOGE), and Wrapped Ether (WeETH) claim the seventh, eighth, and ninth positions, respectively, with 67%, 67%, and 62% rises. USDe has a market cap of $2.5 billion.&nbsp;
On the other hand, DOGE’s price is down 3.80% in the last 24 hours but has surged 9.30% over the previous seven days. Dogecoin’s market cap stands at $17 billion. Optimism (OP) trailed last on Santiment’s list with a 59% rise. The digital asset’s market cap sits at $2.8 billion, and its price is up 9.17% in the last seven days.
The news comes after Santiment <a href="https://x.com/santimentfeed/status/1840196477127172139" rel="noopener noreferrer nofollow" target="_blank">announced</a> on 29th September that crowd sentiment towards Bitcoin is bullish. According to Santiment’s social analysis, every bearish post on BTC had an average of 1.8 bullish posts.

Santiment: Uptober is here, what coins are whales buying?

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