On the murky, chaotic sea of crypto, whales have once again stirred the waters, much to the delight (or despair) of lesser fish, as Floki, Pepe, and Shiba Inu have all witnessed a veritable explosion in large transactions, each as inflated as the next.
Whale Capital Flows Leave Memecoins Afloat
In a recent dispatch-partly aspirational, partly prophetic-on the dusty columns of a proverbial X, the sorcerers of the on-chain analytics firm Santiment have unveiled their latest repertoire of sorcery. Before their mystical audience, they have laid bare a scroll of cryptocurrencies, each with a kingdom worth no less than half a trillion gold coins (in market cap), which have seen the epic ascension in the Whale Transaction Count.
The “Whale Transaction Count,” they explained with the flourish of a seasoned storyteller, is an arcane indicator that counts the number of transfers-action taken by true leviathans-upon a network that concerns a value greater than $100,000. Transactions of such magnitude are deemed to represent the grand maneuvers of the whales, those gargantuan behemoths whose coffers can swallow continents.
And just as in any fantastical tale, when the value of this mystical Whale Transaction Count swells like a stormy sea, it whispers that the focus of the whales is waxing, possibly signaling a newfound fondness for their asset amongst the lords and ladies of cryptocurrency. Conversely, a decline of this ethereal metric suggests these creatures are merely prowling elsewhere, their interest piqued by more captivating bait.
Behold then, a tableau laid before your very eyes that ranks the major assets of the cryptic realm against each other in terms of the percentage change in their Whale Transaction Count over yon past week:
As is witnessed here, four tokens from the top ten are none other than memecoins, those anointed creatures borne from the sacred and questionable realm of online memes. Two such are the spawn of Floki (FLOKI), with its Ethereum blockchain progeny reigning supreme with a weekly Whale Transaction Count increase of a staggering 950%, while its counterpart on the BNB Chain trails in third, albeit still boasting a respectable 550%.
Pepe (PEPE), ever the bearer of both tabby and satire, gracefully captures the second spot, with whale activity swelling by a staggering 620%. As for Shiba Inu (SHIB), our celestial canine emissary, it secures the tenth rung with an index surge over 111%. Clearly, these memecoins have kindled the wallets and warlocks alike in equal measure.
One might ponder the implications of a robust rise in the Whale Transaction Count, yet enlightenment remains as elusive as ever since this metric merely counts the dance of the mighty, betraying no secrets of who leads or follows. Generally, though, the tides of volatility are as likely to follow a surge in whale activity as they are to remember yesterday’s premonitions.
In the curious case of memecoins, the surge in this indicator has also played host to sharp excursions in market value, leading us to surmise that accumulation is the dominant force behind the madness.
The Price of a Pepe
Among the stars of memecoins, Pepe has outshone them all, its price catapulted by over 47% in the past week-a princely rise befitting its regal mien.
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2026-01-09 05:14