The article discusses the significant increase in whale transactions for the MakerDAO DAI stablecoin on the BNB chain, with an over 800% increase this week. This increase in whale transactions is believed to indicate the direction of the cryptocurrency market in the short term. Three stablecoins, including MakerDAO on BNB, MakerDAO on Arbitrum, and a stablecoin on the Polygon chain, were among the top ten digital assets with the highest increase in whale transactions. Analysts review whale activities to gauge the market's pulse and make predictions. Altcoins with high whale activities are likely to experience price reversals, as whales focus on profit-taking and buying the dips. Other altcoins that saw significant increases in whale transactions include DeXe Protocol's DEXE and LayerZero's ZRO. It is important to note that accumulating a particular crypto suggests a sell-off to claim profits at some point.
Content Editor ( coinedition.com )
- 2025-01-17
Here Are the Top 10 Crypto Assets by Whale Transactions This Week
