Increase in Whale Activity for Select Cryptocurrencies

According to Santiment, the cryptocurrencies experiencing the highest surge in whale activity this week include PancakeSwap ($CAKE), Circle's USDC on Arbitrum, HEX, Mantle ($MNT), DAO Maker's DAI on Binance Chain, Wrapped Ether ($WETH), and WhiteBit ($WBT). This trend suggests increased interest from large investors, which could impact liquidity and pricing in the short term.
SourceAnalysis
On March 21, 2025, Santiment reported a significant increase in whale activity across several cryptocurrencies, including $CAKE, $USDC (on Arbitrum), $HEX, $MNT, $DAI (on Binance Chain), $WETH, $WBT, and $USDC (on other chains) (Santiment, 2025). The price of $CAKE surged by 7.2% within the last 24 hours, reaching $4.87 at 14:00 UTC on March 21, 2025 (CoinGecko, 2025). Similarly, $USDC on Arbitrum saw a slight increase of 0.1% to $1.001 at 14:30 UTC (CoinMarketCap, 2025). $HEX experienced a notable rise of 12.5% to $0.045 at 15:00 UTC (CoinGecko, 2025). $MNT increased by 5.8% to $0.78 at 15:30 UTC (CoinMarketCap, 2025). $DAI on Binance Chain saw a modest gain of 0.05% to $1.0005 at 16:00 UTC (CoinGecko, 2025). $WETH climbed by 3.4% to $2,350 at 16:30 UTC (CoinMarketCap, 2025). $WBT increased by 9.1% to $0.12 at 17:00 UTC (CoinGecko, 2025). Lastly, $USDC on other chains remained stable at $1.00 at 17:30 UTC (CoinMarketCap, 2025). The increased whale activity suggests strong institutional interest and potential bullish momentum in these assets.
The trading implications of this whale activity are multifaceted. For $CAKE, the trading volume surged by 23% to 12.5 million tokens at 14:00 UTC on March 21, 2025, indicating robust market interest (CoinGecko, 2025). $USDC on Arbitrum saw a trading volume increase of 15% to 3.2 million tokens at 14:30 UTC, reflecting heightened activity in the stablecoin sector (CoinMarketCap, 2025). $HEX's trading volume rose by 35% to 8.7 million tokens at 15:00 UTC, suggesting a strong buying pressure (CoinGecko, 2025). $MNT's trading volume increased by 18% to 2.1 million tokens at 15:30 UTC, indicating growing interest in layer-2 solutions (CoinMarketCap, 2025). $DAI on Binance Chain saw a 10% increase in trading volume to 1.5 million tokens at 16:00 UTC, showing stablecoin liquidity shifts (CoinGecko, 2025). $WETH's trading volume increased by 27% to 4.5 million tokens at 16:30 UTC, reflecting strong Ethereum ecosystem activity (CoinMarketCap, 2025). $WBT's trading volume surged by 30% to 1.8 million tokens at 17:00 UTC, indicating a spike in interest in native exchange tokens (CoinGecko, 2025). $USDC on other chains saw a 12% increase in trading volume to 2.5 million tokens at 17:30 UTC, suggesting broad stablecoin usage (CoinMarketCap, 2025). These volume increases indicate potential bullish signals and trading opportunities.
Technical indicators and volume data provide further insight into the market dynamics. $CAKE's RSI stood at 68 at 14:00 UTC on March 21, 2025, suggesting it is approaching overbought territory (TradingView, 2025). $USDC on Arbitrum had an RSI of 55 at 14:30 UTC, indicating a neutral market condition (TradingView, 2025). $HEX's RSI was at 72 at 15:00 UTC, indicating it is overbought and may see a correction soon (TradingView, 2025). $MNT's RSI was at 62 at 15:30 UTC, suggesting it is nearing overbought levels (TradingView, 2025). $DAI on Binance Chain had an RSI of 48 at 16:00 UTC, indicating a balanced market condition (TradingView, 2025). $WETH's RSI was at 65 at 16:30 UTC, indicating it is approaching overbought territory (TradingView, 2025). $WBT's RSI stood at 69 at 17:00 UTC, suggesting it is nearing overbought levels (TradingView, 2025). $USDC on other chains had an RSI of 52 at 17:30 UTC, indicating a neutral market condition (TradingView, 2025). The on-chain metrics for these assets show an increase in active addresses and transaction volumes, further supporting the bullish sentiment in these tokens.
In terms of AI-related news, there have been no direct developments that correlate with the whale activity in the mentioned cryptocurrencies. However, the overall market sentiment influenced by AI advancements can indirectly impact these assets. For instance, recent AI-driven trading algorithms have shown an increase in trading volumes for major cryptocurrencies like Bitcoin and Ethereum, with a 15% rise in trading volume observed over the past week as of March 20, 2025 (Kaiko, 2025). This increase in trading volume could spill over to other tokens like $CAKE and $WETH, potentially creating trading opportunities for AI-focused investors. The correlation between AI development and crypto market sentiment remains positive, with AI-driven sentiment analysis tools showing a 10% increase in positive sentiment towards cryptocurrencies as of March 20, 2025 (Sentiment, 2025). Monitoring AI-driven trading volume changes can provide insights into potential market movements for these assets.
The trading implications of this whale activity are multifaceted. For $CAKE, the trading volume surged by 23% to 12.5 million tokens at 14:00 UTC on March 21, 2025, indicating robust market interest (CoinGecko, 2025). $USDC on Arbitrum saw a trading volume increase of 15% to 3.2 million tokens at 14:30 UTC, reflecting heightened activity in the stablecoin sector (CoinMarketCap, 2025). $HEX's trading volume rose by 35% to 8.7 million tokens at 15:00 UTC, suggesting a strong buying pressure (CoinGecko, 2025). $MNT's trading volume increased by 18% to 2.1 million tokens at 15:30 UTC, indicating growing interest in layer-2 solutions (CoinMarketCap, 2025). $DAI on Binance Chain saw a 10% increase in trading volume to 1.5 million tokens at 16:00 UTC, showing stablecoin liquidity shifts (CoinGecko, 2025). $WETH's trading volume increased by 27% to 4.5 million tokens at 16:30 UTC, reflecting strong Ethereum ecosystem activity (CoinMarketCap, 2025). $WBT's trading volume surged by 30% to 1.8 million tokens at 17:00 UTC, indicating a spike in interest in native exchange tokens (CoinGecko, 2025). $USDC on other chains saw a 12% increase in trading volume to 2.5 million tokens at 17:30 UTC, suggesting broad stablecoin usage (CoinMarketCap, 2025). These volume increases indicate potential bullish signals and trading opportunities.
Technical indicators and volume data provide further insight into the market dynamics. $CAKE's RSI stood at 68 at 14:00 UTC on March 21, 2025, suggesting it is approaching overbought territory (TradingView, 2025). $USDC on Arbitrum had an RSI of 55 at 14:30 UTC, indicating a neutral market condition (TradingView, 2025). $HEX's RSI was at 72 at 15:00 UTC, indicating it is overbought and may see a correction soon (TradingView, 2025). $MNT's RSI was at 62 at 15:30 UTC, suggesting it is nearing overbought levels (TradingView, 2025). $DAI on Binance Chain had an RSI of 48 at 16:00 UTC, indicating a balanced market condition (TradingView, 2025). $WETH's RSI was at 65 at 16:30 UTC, indicating it is approaching overbought territory (TradingView, 2025). $WBT's RSI stood at 69 at 17:00 UTC, suggesting it is nearing overbought levels (TradingView, 2025). $USDC on other chains had an RSI of 52 at 17:30 UTC, indicating a neutral market condition (TradingView, 2025). The on-chain metrics for these assets show an increase in active addresses and transaction volumes, further supporting the bullish sentiment in these tokens.
In terms of AI-related news, there have been no direct developments that correlate with the whale activity in the mentioned cryptocurrencies. However, the overall market sentiment influenced by AI advancements can indirectly impact these assets. For instance, recent AI-driven trading algorithms have shown an increase in trading volumes for major cryptocurrencies like Bitcoin and Ethereum, with a 15% rise in trading volume observed over the past week as of March 20, 2025 (Kaiko, 2025). This increase in trading volume could spill over to other tokens like $CAKE and $WETH, potentially creating trading opportunities for AI-focused investors. The correlation between AI development and crypto market sentiment remains positive, with AI-driven sentiment analysis tools showing a 10% increase in positive sentiment towards cryptocurrencies as of March 20, 2025 (Sentiment, 2025). Monitoring AI-driven trading volume changes can provide insights into potential market movements for these assets.
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