🐳 Among cryptocurrencies with at least a $2B in market cap, these are the projects seeing the highest rises in whale activity compared to the week prior:

1) Injective $INJ 🥇 +456% Rise
2) Wrapped Bitcoin $WBTC 🥈 +421% Rise
3) Shiba Inu $SHIB 🥉 +360% Rise
4) Multi Collateral Dai $DAI +147% Rise
5) Pepe $PEPE +109% Rise
6) Tether $USDT +74% Rise
7) Ethena Labs $USDe +67% Rise
8) Dogecoin $DOGE +67% Rise
9) Wrapped Ethereum $weETH +62% Rise
10) Optimism $OP +59% Rise

📺 Finding which altcoins are suddenly seeing huge whale transfers is much easier than you probably thought. Check out our video breaking down our Top Transactions model to see how you can spot whales like a pro!

📊 DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish traders await these liquidations as a sign that $BTC can quickly rebound back to $70K and $ETH back to $4K, respectively.

At the begining of June only 5.1k BTC was locked on Ethereum. In a matter of three months the amount of Bitcoin locked on Ethereum increased to 75.9k BTC. This means that 0.41% of Bitcoin's total circulating supply is locked on Ethereum.

The highest total supply value has Wrapped Bitcoin (WBTC), which is 48.5k BTC.

The biggest increase in total supply had renBTC, which had only 2.2k BTC locked on Ethereum at the begining of August. Today, renBTC is sitting at 18.3k BTC locked on Ethereum.

Data by Santiment