Crypto Whale Transactions Explode Across Multiple Assets
A sudden surge in large-size transactions has been observed across various crypto assets. According to Santiment, Humanity Protocol ($H) saw a 500% spike in $100K+ whale transactions over the past week, while Wrapped Bitcoin on Optimism ($WBTC) recorded a 440% jump and Maker ($MKR) a 400% surge.
The list of top ten assets includes TrueUSD ($TUSD) on Ethereum with a 400% rise, along with SPX, SwissBorg, Rocket Pool ETH, Worldcoin on Optimism, Cronos, and Ethereum Name Service. The Santiment update highlighted that non-stablecoin assets on this list are the most likely candidates for sharp price volatility.
An unusual mix of assets is distinguished by this week's list, which spans stablecoins, wrapped Bitcoin, liquid staking derivatives (RETH), layer-2 native tokens on Optimism, and long-standing DeFi tokens. TrueUSD's appearance is particularly noteworthy, as high stablecoin transaction counts can indicate both redemption pressure and OTC settlement activity.