Dogecoin: High Transaction Volume and Whale Activity Could Cause Price Rise

High activity in addresses, large volume of transactions, and increased whale activity in Dogecoin are positives for its price

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Chainlink Whales Dump Over 170 Million LINK In Three Weeks Selling Pressure Ahead?

Chainlink is trading at crucial demand levels as the entire crypto market faces heightened selling pressure and uncertainty. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. Still, there are early signs that the worst may be behind. Price action is beginning to stabilize, and some traders believe the current consolidation could lay the groundwork for a recovery phase. Related Reading: Bitcoin Rejected At Descending Resistance Again Is $78,600 Still In Play? However, not all signals are bullish. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. This significant outflow from large holders has fueled speculation that additional downside could still exist. Whale behavior is often a leading indicator of broader market sentiment, and continued selling from top wallets may reflect a lack of confidence in the short-term price outlook. While selling pressure appears to be fading for now, the market remains cautious. For Chainlink to break free from this uncertain range, bulls will need to defend current support and reclaim key levels. Until then, whale activity and broader market sentiment will continue to play a major role in determining LINKs next move. Chainlink Consolidates At Key Support As Whale Selling Clouds Outlook Chainlink is down 17% since March 26, and its price action remains uncertain as it consolidates above a critical demand zone. While the broader crypto market continues to struggle with volatility and macro-driven selling pressure, LINK has been particularly vulnerable. Analysts are increasingly voicing concerns about a potential deeper correction, citing weak momentum and ongoing bearish sentiment across risk assets. The fear of extended downside remains high, with many traders hesitant to step back in until clearer bullish signals emerge. The entire crypto landscape has been affected by economic instability and market indecision, and Chainlink is no exception. Still, some believe LINK has room to recover. The project continues to expand its role in the decentralized finance (DeFi) space, with steady development and increasing adoption of its oracle infrastructure. These long-term fundamentals offer hope that once the current market pressure fades, Chainlink could be among the first altcoins to rebound. Adding to the uncertainty, however, are troubling whale activity metrics. Crypto analyst Ali Martinez recently shared on X that whales have sold over 170 million LINK in the past three weeks. This heavy distribution supports the prevailing bearish trend and suggests that major holders are not yet confident in an imminent recovery. For now, all eyes remain on whether LINK can hold its current support zone. A break below could open the door to further losses, while a bounce and reclaim of higher resistance levels may finally mark the beginning of a recovery phase. Until then, market participants are treading carefully as Chainlink balances between bearish pressure and the potential for a turnaround. Related Reading: SUI Forms Inverse Head And Shoulders Can Bulls Break Above $2.52? LINK Struggles As Bulls Fight to Avoid Further Losses Chainlink (LINK) is trading at $13.1 after failing to reclaim the $15 level, reflecting continued weakness following weeks of selling pressure. The rejection from $15 has left bulls in a defensive position, with price action hovering just above a key demand zone. To regain control and confirm the start of a recovery rally, LINK must not only hold above current levels but also break decisively above the 200-day moving average (MA) and exponential moving average (EMA), both sitting around $17.2. These moving averages represent critical resistance, and only a clean breakout above them would signal a shift in momentum. Until then, LINK remains vulnerable to further downside, especially if market conditions stay fragile. If bulls fail to defend the $13 zone, a drop toward $10 becomes a likely scenario a level that hasnt been tested since late 2023. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks Is More Selling Ahead? With broader market uncertainty and fading momentum across altcoins, LINK holders are watching closely. A failure to hold current support could trigger stronger selling pressure, while a successful push above $17.2 could pave the way for a stronger rebound. The coming days may be pivotal in determining whether Chainlink stabilizes or continues its downtrend. Featured image from Dall-E, chart from TradingView

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Ethereum Whale Goes On 127,000 ETH Buying Spree, Was It Justin Sun Again?

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The [...]

The post Ethereum Whale Goes On 127,000 ETH Buying Spree, Was It Justin Sun Again? appeared first on Crypto Breaking News.

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Ethereum Surges 4% As Whales Show Elevated Activity

Ethereum has seen an upwards push of 4% in the last couple of days as whales have displayed elevated levels of activity. Ethereum Whale Transactions At Highest Level Since December 16th As per data from on-chain analytics firm Santiment, whales have made 611 transactions in the past day. The relevant indicator here is the “whale transaction count,” which measures the total number of Ethereum transfers taking place on the chain that is worth more than $100,000. When the value of this metric is high, it means whales are making a large number of transactions right now. Since whale transactions involve the movement of a significant number of coins, enough of them taking place close together can cause visible effects on the price of the crypto. Thus, periods with high values of the metric can be quite volatile. On the other hand, low values suggest whales aren’t that active at the moment, which can lead to the price not observing any significant action. Now, here is a chart that shows the trend in the Ethereum whale transaction count over the past month: The value of the metric seems to have been relatively high in recent days | Source: Santiment As the above graph displays, the Ethereum whale transaction count has observed a surge in the past day. During this period of elevated activity, whales have made 611 transactions so far, which is the highest level since December 16, when the price of the crypto saw a sharp downward move and created a local bottom of around $1,160. Related Reading: Bitcoin Coinbase Inflows Spike, Is This Bearish For BTC? This spike on the December 16 bottom was higher in magnitude than the current one and was a sign that a large number of whales were buying up the crypto at those low prices. The latest spike, on the other hand, has occurred while the ETH price has been climbing up, as is apparent from the chart. One possibility is that this could imply whales are optimistic about this latest buildup and are thus buying more while they still can. Such backing from these humongous holders could sustain the rally further, and take Ethereum to higher levels. Related Reading: Brace For Impact? Bitcoin Open Interest RSI Forms Bearish Divergence However, another probable scenario is that these rapid transactions might be happening for the purpose of selling instead, which, if true, would rather provide an obstacle to this latest price push, as already happened with the rally above $1,300 in the first half of December. ETH Price At the time of writing, Ethereum’s price floats around $1,250, up 4% in the last week. Looks like the value of the crypto has seen some uplift during the last couple of days | Source: ETHUSD on TradingView Featured image from DrawKit Illustrations on Unsplash.com, charts from TradingView.com, Santiment.net

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LTC price movement after address activity and whale transactions explosion

Santiment released a report on October 20, 2022, outlining that Litecoin has undergone a lot of address activity and whale transactions, with over $1 million valued transactions on the network.

Litecoin (LTC/USD) is a decentralized, peer-to-peer (P2P) cryptocurrency and open-source project that was originally launched in October 2011. It was forked from the Bitcoin (BTC/USD) protocol, however, uses a different mining algorithm.

In the latest Litecoin news, according to an official report by Santiment, Litecoin has been quiet and under the radar across 2022; however, the address activity, as well as the whale transactions, have exploded throughout the week.

There have been over $1 million in valued transactions on the network, and the timing of these spikes occurred just as LTC began to increase in value when compared to BTC.

Santiment is a behavior analytics platform purpose-built for cryptocurrencies and gives in-depth data surrounding on-chain social and development information on over 900 cryptocurrencies.

On October 21, 2022, Litecoin (LTC) had a value of $50.35.

LTC/USD Chart by TradingView.

The all-time high for the Litecoin (LTC) cryptocurrency was on May 10, 2021, when it reached a value of $410.26. At its ATH, the token was trading $359.91 higher in value or by 714.82% higher.

However, when we take a look at the 7-day performance of the cryptocurrency, we can see that Litecoin had its low point at $50.40, while its high point was at $52.32. This marked an increase in value of $1.92 or by 4%.

In terms of how Litecoin (LTC) performed within the last 24 hours, its low point was at $50.40, while its high point was at $51.97. Here we can see an increase of $1.57 or by 3%.

With this in mind, buying LTC is a solid idea for investors as it can climb to $55 by the end of October 2022.

The post LTC price movement after address activity and whale transactions explosion appeared first on Invezz.

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These Are The Altcoins Drawing Whale Interest, Santiment Reveals

The on-chain analytics firm Santiment has revealed some altcoins currently witnessing high interest from the whales. Whale Transactions Have Spiked For These Altcoins Recently In a new post on X, Santiment has discussed how several altcoins have been showing interest from the whales. The on-chain indicator of relevance here is the “Whale Transaction Count,” which keeps track of the total number of transfers carrying a value of at least $100,000 taking place every day on the blockchain for any given cryptocurrency. Such large transfers are generally assumed to be coming from the whale entities, as they can only move around amounts this large with single transactions. Related Reading: Litecoin Whale Deposits Big To Binance, LTCs 3% Drop To Extend? When the metric’s value is high, the whales make many transfers. This trend implies that these humongous investors are highly interested in trading around the asset in question. On the other hand, the low indicator suggests the whales may not be paying attention to the cryptocurrency as they aren’t making that many moves on the network. Now, here is the chart shared by the analytics firm that shows the trend in the Whale Transaction Count for some altcoins over the past month: The value of the metric appears to have been quite high in recent days | Source: Santiment on X As displayed in the above graph, these five altcoins have all seen some boost in their Whale Transaction Counts recently: Injective (INJ), Rocket Pool (RPL), PlayDapp (PLA), STP (STPT), and Basic Attention Token (BAT). Given this close surge in the indicator for all of these assets, it would appear possible that the whales have now started playing around with alts after gaining confidence from the sharp rally that Bitcoin has enjoyed. Now, what does this fresh whale interest mean for these altcoins? Usually, a high value of the Whale Transaction count is a predictor of volatility for any cryptocurrency. This is because the whales’ transfers carry a significant value. Of course, any single transaction will likely not be big enough to move the market appreciably on its own, but if many such transfers occur at once, the asset could feel some turbulence. Related Reading: Extreme Greed Is Back For Bitcoin, Is It Time To Sell? However, any such volatility that may arise out of this high whale trading activity can theoretically go in either direction. The Whale Transaction Count only measures the pure number of large transfers happening on the network and doesn’t provide any information about whether these are buying or selling moves. As such, the only thing that can be said about these altcoins observing high interest from these humongous holders is that they are now more likely to display some volatility, the direction of which is uncertain. INJ Price The 31st-placed coin in the market cap list, Injective, is trading around $35 after going up more than 4% in the past week. Looks like the price of the asset has been consolidating recently | Source: INJUSD on TradingView Featured image from Vivek Kumar on Unsplash.com, Santiment.net, chart from TradingView.com

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Dogecoin Out Of Fashion? Volume & Whale Activity Plunges

On-chain data shows the Dogecoin volume and whale activity have plummeted recently, a possible indication that investors no longer have interest in the memecoin. Dogecoin Transaction Volume And Whale Transaction Count Have Declined As pointed out by analyst Ali in a new post on X, DOGE trading activity has become lower recently. There are two on-chain metrics of relevance here: the Transaction Volume and Whale Transaction Count. The former keeps track of the total amount of Dogecoin (in USD) involved in daily transaction activity on the network. A high value of this metric usually suggests that trading interest in the asset is high right now. Related Reading: Bitcoin Flies Above $47,300, But Watch Out For Extreme Greed On the other hand, the low metric implies not many traders are paying attention to the memecoin currently as little volume is transacted on the blockchain. The other metric of interest here, the “Whale Transaction Count,” measures the total number of transfers on the network that are at least $1 million. Unlike the Transaction Volume, which provides information about the network in general, the Whale Transaction Count specifically tells us about the activity being displayed by the whales. The whales are the largest entities on the chain, so they can hold some influence in the market. As such, their activity can affect cryptocurrency in one way or another. Now, here is a chart that shows the trend in the Dogecoin Transaction Volume and Whale Transaction Count over the last few months: Looks like both of these metrics have registered a decline in recent days | Source: @ali_charts on X As displayed in the above graph, both the Dogecoin Transaction Volume and Whale Transaction Count have recently seen a drawdown towards relatively low levels. This would imply that interest in the asset from both the whales and retail investors may have waned in the memecoin. Generally, when buying and selling activity is high, DOGE is likelier to display some volatility. The chart shows that the volatile moves the coin has observed recently all saw the metrics register spikes. Since Dogecoin isn’t observing that many transactions at the moment, it’s possible that the cryptocurrency’s price will continue to range in the coming days. Related Reading: Ethereum Breaks Above $2,400: This Metric Points To Further Upside Any ignitions in the indicators can be to look out for, however, as they may be a predictor for a sharp move in the price. As these metrics only track whether trading activity is occurring rather than if buying or selling is taking place, any volatility arising from these spikes can take the price in either direction. DOGE Price While Bitcoin and other top digital assets have enjoyed profits recently, Dogecoin has slumped sideways, with returns standing utterly flat in the past week. Currently, DOGE is trading around the $0.08 level, as the chart below shows. The price of the coin has been consolidating recently | Source: DOGEUSD on TradingView Due to Dogecoin’s recent poor performance, it lost its spot in the top 10 cryptocurrencies by market cap list to Chainlink (LINK). If the coin’s struggle continues, it might slip further down the list, as Tron (TRX) is lurking just behind the asset now. DOGE appears to have a market cap of $11.4 billion right now | Source: CoinMarketCap Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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Chainlink (LINK) Whale Transfers Spike, Bearish Sign?

On-chain data shows that Chainlink (LINK) whales have become quite active in recent days, a sign that may be bearish for the asset’s price. Chainlink Whale Transactions Have Shot Up In Number Recently According to data from the on-chain analytics firm Santiment, whale transactions hit a 2023 high just as the price dipped toward the $5 mark. The “whale transaction count” is an indicator that keeps track of the number of Chainlink transfers taking place on the blockchain that involve the movement of tokens worth at least $1 million in value. When the value of this metric is high, it means that there are a large number of sizeable LINK transactions occurring on the network right now. Generally, transfers worth more than $1 million are thought to be coming from the whales, so this kind of trend can be a sign that the whales are active currently. On the other hand, the low values of the indicator imply the whales aren’t making that many moves at the moment. As whale transactions are quite large in scale, a lot of them happening at once can cause fluctuations in the market. Thus, a lack of them happening (that is, low values) can result in a more stable market. Now, here is a chart that shows the trend in the Chainlink whale transaction counts over the last few months: The value of the metric seems to have been quite high in recent days | Source: Santiment on Twitter As displayed in the above graph, the Chainlink whale transaction count saw a couple of spikes during the last week or so. This would hint that whales of the cryptocurrency may have been actively trading in this period. These high values of the indicator took place simultaneously with the asset’s price sliding down and hitting a three-year low of around $5, implying that at least some of the transactions may have been made for selling-related purposes. Related Reading: Bitcoin Stuck In Historically Tight Range, Calm Before The Storm? Interestingly, the whale activity continued to remain elevated even after the coin hit its $5 local bottom and saw a rebound. In fact, the largest of the metric’s spikes, which set a new high for the year 2023, came just as Chainlink bottomed out. The timing of this extreme elevation in the whale transactions may be a sign that some of these humongous investors saw the dip as a profitable buying opportunity and participated in some accumulation, leading to the price being able to rebound. In the chart, Santiment has also displayed the trend in the supplies of the investor groups holding between 1,000-10,000 LINK and 10,000-100,000 LINK. Both these cohorts seem to have done some buying recently as their supplies have shot up, implying that market-wide buying may have taken place at the lows. Related Reading: Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever Since the bottom, however, Chainlink has only seen a minute increase as it’s still trading quite near the low itself. Whale transactions are also still at higher-than-average levels for the year, and it’s hard to say what behavior these investors may be showing this time. Naturally, if the whales are still selling, then LINK might see further bearish price action in the near future. LINK Price At the time of writing, LINK is trading around $5.2, down 15% in the last week. Looks like the value of the asset has plunged | Source: LINKUSD on TradingView Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, Santiment.net

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Bitcoin Whale Transfers See Massive Spike: Sign Of Profit-Taking?

On-chain data shows the Bitcoin whale transactions have spiked following the latest rally, a sign that profit-taking may have begun. Bitcoin Whale Transaction Count Now Highest In Over 10 Weeks According to data from the on-chain analytics firm Santiment, the Bitcoin whales have shown an increase in activity recently. The indicator of relevance here is [...]

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XRP Surges Past $3.2 As Whale Activity Spikes 81%

XRP has enjoyed a rally beyond the $3.2 mark as on-chain data shows the cryptocurrency is among the altcoins witnessing the largest whale activity spikes. XRP Whale Transaction Count Has Exploded Recently In a new post on X, the on-chain analytics firm Santiment has shared the list of altcoins that have seen the largest jumps in Whale Transaction Count during the past week. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers occurring on a given network that are carrying a value of more than $100,000. Related Reading: Litecoin (LTC) Jumps 19%: Whats Behind The Rally? Only the whale entities are usually capable of moving such large amounts with single transactions, so the metric is assumed to reflect the level of activity in which these humongous investors are participating. When the Whale Transaction Count has a high value, it means the whales are making a large number of moves on the blockchain. Such a trend implies these key holders have a notable interest in trading the asset. On the other hand, the indicator being low suggests that large investors may not be paying much attention to the cryptocurrency as their transactions remain at a low level. Now, here is the table posted by the analytics firm that shows the ranking of the altcoins (with a market cap greater than $500 million) in terms of the percentage increase in the Whale Transaction Count over the past week: As is visible above, there have been seven cryptocurrencies that have witnessed a Whale Transaction Count spike of at least 100% in this period. The altcoin that most stands out on the list, however, is actually in the eighth spot: XRP (XRP). The asset has witnessed around an 81% increase in whale activity during the last seven days, which, while lesser than the others, is still more impressive simply because of the fact that the coin has a much more massive market cap. XRP would already have many whales active on the blockchain, so to still register a growth of this degree would imply an extraordinary rise in transactions in pure numbers. Generally, a high Whale Transaction Count is something that can lead to volatility in an asset’s price. The emerging price action can be in either direction, as the indicator only tracks the number of transfers and contains no information about whether the whales are making the moves for buying or selling purposes. Related Reading: XRP, Bitcoin Recovery Only Short-Lived? TD Sequential May Suggest So In XRP’s case, though, it would appear that these transactions have been for buying indeed, as its price has seen an impressive rally of almost 41% inside the window. Interestingly, the altcoin that has topped the list isn’t one with a variable price, but rather a stablecoin: Dai on the BNB blockchain. “For stablecoins, increased activity is typically a good sign that large levels of funds are being prepared to be swapped for altcoins that are common with that stablecoin’s trading pair,” notes Santiment. XRP Price At the time of writing, XRP is trading around $3.2, down 2% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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