Top 10 Altcoins Among Whales: Is an Altcoin Rally on the Horizon?

Whales are active in the crypto market, and on-chain data from Santiment show a peak in large transactions for altcoins such as Aave (AAVE), Cardano (ADA), and Optimism (OP). This hints at accumulation by wealthy investors, sparking speculation about a price increase. But is this enough for a rally, or will the market remain stuck in a “zero-sum game”? Let’s dissect the data and prospects.

Whale Transactions: The Top Risers

Santiment reports a sharp increase in transactions over $100,000:

• Aave (AAVE) on Polygon: +267% – DeFi-king AAVE leads, possibly due to institutional interest in Polygon’s scalability.
• HEX (HEX): +256% – Controversial, but whale activity is peaking.
• OKB (OKB): +200% – OKX’s token benefits from exchange-related moves.
• Cardano (ADA): +193% – Whales recently bought 420M ADA (Martinez, March 5), driving ADA to $0.82.
• Optimism (OP): +140% – Layer-2 hype is growing.
• Trillioner (TLC), Bitcoin Cash (BCH), Curve (CRV), BitDAO (BIT), GateToken (GT): +100% to +133% – Smaller players, but noticeable activity.

This peak – especially with AAVE, ADA, and OP – suggests strategic positioning. Whales may anticipate an altcoin recovery, after a market-wide dip (BTC $88,500, XRP $2.48 post-summit). But volume is dropping (-28% to $132.2B), which dampens the chance of an altcoin rally.

Zero-Sum Game: Ki Young Ju’s Warning

1. CryptoQuant CEO Ki Young Ju calls the altcoin market a “zero-sum PvP game.” Bitcoin’s market cap doubled ($1.73T), but altcoins ($825.83B, excl. BTC/ETH) remain below their peak ($1.1T, May 2024). Without new capital inflow – retail is weak – it’s a rotation game. “Only a handful of altcoins with strong use cases will survive,” he says. On-chain remains quiet, indicators neutral, but fundamentals (mining, Trump’s reserve: 200K BTC) keep the bull cycle alive.

Technical Analysis: Altcoin Market Capitalization

The altcoin market capitalization ($825.83B) is below the 20-day EMA ($852B) – a resistance wall. Bollinger Bands show low volatility; a break above the upper band ($900B) could ignite bullish fire. RSI at 40.28 is approaching oversold – a bounce above 50 would confirm momentum, but without volume, it remains fragile. Keep an eye on $852B (market capitalization), RSI 50, and BTC $90K. Whales are moving, but the market is still waiting for a spark!