Whales Drive Crypto Surge: Massive Trading Volumes Ignite Attention

Large institutional investors, known as whales, have significantly impacted the crypto market in recent weeks. The focus has been on altcoins with large market caps (over $500 million), where remarkable increases in trading volumes were observed. According to data from Santiment, KuCoin Token (KCS), USD Coin (USDC on the Avalanche network), and Staked Ethena (sENA) have led this activity. These movements are fueled by strategic volume management alongside expectations of price appreciation, particularly among KCS, where whales saw a surge in trading surpassing $100,000 within just one week – leading to an impressive 1000% increase.