👀 Keep an eye on the cryptocurrencies seeing the highest rises in whale activity (compared to their usual levels). This week, the top risers are:

🐳 1) Fasttoken $FTN

🐳 2) OKB $OKB

🐳 3) Dai $DAI (On Optimism)

🐳 4) Wrapped Ethereum $WETH

🐳 5) PancakeSwap $CAKE

🐳 6) Dai $DAI (On Avalanche)

🐳 7) FTX Token $FTT

🐳 8) USD Coin $USDC

🐳 9) Nexo $NEXO

🐳 10) AIOZ $AIOZ

🐳 Whale activity has transitioned slightly away from large caps this week, and into many under the radar projects. Here are the top 10 coins seeing increases in whale activity over the past week:

📈 1) Frax $FRAX (On Arbitrum)
📈 2) USD Dio $USDD (On Ethereum)
📈 3) FDUSD $FDUSD
📈 4) Axelar $AXL
📈 5) Mantra $MANTRA
📈 6) FTX $FTT
📈 7) The Sandbox $SAND
📈 8) Rocketpool ETH $RETH
📈 9) Quant $QUANT
📈 10) Jasmy $JASMY

Whale transaction spikes, particularly when an asset's market cap is declining, is often a signal of accumulation and a potential bottom forming. Monitor these stats and many more with a free 2-week trial to Sanbase PRO here!

Due to the lack of transparency from other Alameda, FTX and everyone involved, we can come out only with some assumptions.

Assumption #1

This is the wallet (AD2) where FTX profits have been accumulated in Ethereum. It was growing then dropped:

Assumption #2

This is the main Ether and stablecoin withdrawal wallet, and it's drying out:

We might be wrong. Or we might be happy to find out where we are wrong.

Two pictures telling a better story than two hundred words.

Whales owning from around $270K to $2.7M worth of FTT have dumped heavily last week:

We have never seen this before for FTT. Quite a significant drop.

Whales have been accumulating all the way up to June 2022.
And it looks like now they are feeling really bad for FTX tokens.