Cryptocurrency analytics firm Santiment has released insights analyzing whale transactions—defined as transactions over $100,000—to identify potential market tops and bottoms among select altcoins. The analysis highlights how spikes in whale activity often precede sharp price movements. Santiment examined six cryptocurrencies that showed significant whale transaction trends:
Bullish signals:
- Shiba Inu (SHIB): Recorded 527 whale transactions on June 5, 2025 — a five-month high. Since then, SHIB's price has risen by 10%, which Santiment interprets as the start of a larger rally.
- Ankr (ANKR): Despite a 23% price drop over the past month, eight whale transactions on June 8 suggest possible price rebound, supported by similar patterns observed historically.
- LCX (LCX): The token of the Liechtenstein Cryptoassets Exchange saw 12 large whale transfers on June 9, the highest since February. Following a 31% drop from its April peak, LCX’s price increased by 8% after these whale moves, suggesting renewed investor interest possibly linked to favorable regulatory positioning and low market cap.
Bearish signals:
- SPX6900 (SPX): A satirical meme coin surged 486% over three months but recorded 134 whale transactions on June 9, hinting at profit-taking and a potential local price top.
- Compound (COMP): Noted a 50% price rise in June and 157 large whale transactions on June 9, the highest since April 1. Santiment warns this may indicate overbought conditions and short-term caution.
- UMA (UMA): Experienced a 52% price increase between June 5-8, accompanied by 27 whale transactions on June 8 — the highest this year. The timing points to coordinated selling and profit-taking, signaling potential near-term pullbacks.
The reports highlight how geopolitical tensions, notably Israel's airstrikes on Iran, have triggered broad market declines but also prompted strategic whale movements, reflecting repositioning amidst uncertainty. Whale accumulation spikes for bullish coins and whale dumping signals for bearish ones provide traders with alerts on probable price reversals or corrections.