Cryptocurrency analytics firm Santiment has released a new analysis focusing on major investor movements.
The company tries to predict market trends with its whale transaction count metric, which tracks transactions over $100,000. Such sudden increases in whale activity can often be a precursor to sharp price volatility, peaks or bottoms, the analysis found.
Santiment points out that this data has provided particularly striking signals in the past. For example, in December 2017, when Bitcoin first approached $20,000, a record 62,317 whale transactions were made on December 13. Four days later, there was a major crash in the cryptocurrency markets. Similarly, in May 2021, when Bitcoin lost 45% of its value, whales started buying. The market recovered from mid-July.
In the latest analysis, Santiment took a closer look at six cryptocurrencies that have attracted attention with whale transactions. According to analysts, three of them are signaling potential price bottoms and three are signaling possible price tops:
Shiba Inu (SHIB)
Popular meme coin SHIB saw a five-month high with 527 whale transactions on June 5, 2025. Since the same date, SHIB has risen by 10%. Santiment interprets this rise as the beginning of a larger price rally.
Ankr (ANKR)
Web3 infrastructure provider Ankr has lost 23% of its value in the past month, but eight transactions exceeding $100,000 were recorded on June 8. Similar whale activity has resulted in price jumps in the past, Santiment notes.
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LCX (LCX)
LCX, the token of the Liechtenstein-based LCX exchange, attracted attention with 12 separate large transactions on June 9. This is the highest level since February. The token gained 8% after these transactions.
SPX6900 (SPX)
SPX6900, which draws attention with its humorous aspect, has risen by 486% in the last three months. However, 134 whale transactions on June 9 indicate that large investors are taking profits and a local peak may have been reached, according to Santiment.
Compound (COMP)
DeFi platform Compound rose by 50% in June. COMP, which attracted attention with 157 large transactions on June 9, gave a similar signal to the local peak on April 1 with this movement. Santiment calls for caution in the short term.
UMA (UMA)
Synthetic asset creation platform UMA rose 52% between June 5-8. The 27 whale transactions that took place on June 8 were recorded as the highest of the year and indicate that major investors have started to sell profits.
*This is not investment advice.