🐳 Ethereum's whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging!

📊 Solana, Jito, Cosmos, and Jupiter have been the notable standouts during a tumutuous up and down week for crypto markets. Data indicates meme coins have drawn increased interest levels while Bitcoin treads water.

Assuming markets keep their underwhelming trajectories going into the weekend, expect for sentiment to begin reflecting some much needed FUD, which would in turn imply a market bounce to start next week. 👍

🧑‍💻 Here are crypto's top ERC-20 coins by development activity. Directional indicators represent each project's ranking positioning since last month:

➡️1) Chainlink $LINK 🥇
➡️2) Ethereum $ETH 🥈
📈3) Status $SNT 🥉
➡️4) sUSD $SUSD
📉5) Synthetix $SNX
➡️6) Decentraland $MANA
📈7) Lido $LDO
📈8) Fantom $FTM
📈9) Audius $AUDIO
📈10) Injective $INJ

📖 Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading!

🐳 Bitcoin's whale wallets, which we can define loosely as 100 or more BTC, have grown by 297 wallets (+1.9%) in just the past 2 weeks.

🐟 During the same timeframe, the amount of wallets with under 100 BTC has shrunk by 20,629 wallets (-0.1%).

📈 As the largest key stakeholders in crypto continue to scoop up more coins from dumping retail traders, this historically leads to bullish outcomes.

🧑‍💻 Over the past year, all 10 of the top ecosystems in crypto have INCREASED their rate of development. The rising amount of notable github events from each of these ecosystems is an objectively strong sign for the future of cryptocurrency:

1) Optimism: +45.6% Increase
2) Avalanche: +20.3% Increase
3) Arbitrum: +16.6% Increase
4) Solana: +14.1% Increase
5) Harmony: +10.1% Increase
6) Cosmos: +8.8% Increase
7) BNB Chain: +5.1% Increase
8) Polkadot: +1.5% Increase
9) Ethereum: +1.4% Increase
10) Polygon: +0.6% Increase

Continue to track ecosystem growth for hundreds of ecosystems using the completely FREE Santiment Development Activity dashboard here!

📺 Want to get started using Santiment's tools? Start from square one with this comprehensive video, as we guide you through our best tools, charts, and indicators to see what others in crypto can't!

📈 Solana is outperforming most altcoins as prices are looking to rebound after a big fall Wednesday. The #5 market cap asset continues to be a prime example of how the crowd usually gets it WRONG. View the current bearish sentiment as a sign SOL can continue to pump.

🐻 Crypto markets have corrected alongside equities as traders increase speculation that the bull rally has come to an end. With crowd optimism transitioning to doubt, these are the $500M+ market cap projects showing the best upside based on buying into the crowd FUD:

1 Chainlink $LINK
2 Bitcoin $BTC
3 Goatseus Maximus $GOAT
4 Dogecoin $DOGE
5 Ripple $XRP
6 Pepe $PEPE
7 Filecoin $FIL
8 ShibainuCoin $SHIB
9 Eigenlayer $EIGEN
10 BuildOnBeam $BEAM

Cryptocurrency is still very much a speculative sector, even for the most established projects. Markets typically move the opposite direction of the crowd's expectation, meaning the bearish narratives surrounding these coins can lead to rewarding results for those willing to go against the crowd selloffs that are beginning to mount.

🐳 These coins have seen the biggest whale activity increases over the past week:

1) Apecoin $APE
2) Treasure $MAGIC
3) Sushiswap $SUSHI
4) Holo $HOT
5) API3 #API3
6) Frax $FRAX
7) Aragon $ANT
8) AIOZ $AIOZ
9) Metis $METIS
10) Chintai $CHEX

🤔 Consider it likely that any coins seeing 5x their normal whale transactions in a given week are much more likely to see major price swings that are opposite to their recent trends.

📈 If the price of that coin is underperforming the markets and whale transactions spike, it is a sign the coin's price is much more likely to rise.

📉 If the price of that coin is outperforming the markets and whale transactions spike, it is a sign the coin's price is much more likely to drop.