On-chain analytics firm Santiment flagged a fresh wave of big-money activity this week, and meme coin PEPE is among the tokens seeing a notable uptick.
In a post on X, Santiment published its top-10 list of assets with the largest week-over-week increases in Whale Transaction Count — a metric that counts transfers larger than $100,000. The data set is limited to tokens with a market cap of at least $500 million. Because moves above $100k are typically made by large holders, the metric is used as a proxy for “whale” interest: rising counts suggest increased attention from big players, while declines imply whales are stepping back.
Standouts from Santiment’s list:
- Mantle (MNT): +600% — the biggest jump this week.
- DAI (BNB version): +340%.
- Maker (MKR): +200%.
- Pepe (PEPE): ranked eighth with a >60% increase in whale transactions.
- USDT (on Optimism): +58%.
- USDC (on BNB): +57%.
Pepe’s placement is noteworthy because the memecoin hasn’t dominated headlines recently despite its viral frog-meme origins. A sudden surge in whale transfers could explain some of the sharp price action observed across several assets in recent days: historically, spikes in whale activity have often preceded heightened volatility.
Stablecoin spikes on USDT (Optimism) and USDC (BNB) are also telling — large holders frequently move funds into or out of stablecoins when preparing to deploy capital into riskier assets or when seeking temporary shelter from market swings.
At the time Santiment’s snapshot was shared, PEPE was trading around $0.00000334, down about 3% over the previous 24 hours.
Read more AI-generated news on: undefined/news
