• Analysts have observed a crucial trend in crypto whale behavior.
• MakerDAO DAI on BNB recorded an over 800% increase in whale transactions.
• Traders use whale transaction data to predict short-term crypto market trends.

Analysts have identified a significant trend in whale behavior that could indicate the direction of the cryptocurrency market in the short term. On-chain data shows that the MakerDAO DAI stablecoin on the BNB chain recorded an over 800% increase in whale transactions this week, making it the highest increase among altcoins with over $500 million market caps.

This week, three stablecoins were among the top ten ranked digital assets by the increase in whale transactions, suggesting that funds are being accumulated for potential swaps with altcoins common to their trading pairs. Aside from MakerDAO on BNB, the other two stablecoins are MakerDAO on Arbitrum and a similar stablecoin on the Polygon chain.

Analysts review whale activities like transaction volume changes to gauge the crypto market’s pulse and make predictions. Therefore, crypto whale transactions across other digital asset ecosystems remain crucial in market analysis, especially when…

The post Here Are the Top 10 Crypto Assets by Whale Transactions This Week appeared first on Coin Edition.

• Analysts have observed a crucial trend in crypto whale behavior.
• MakerDAO DAI on BNB recorded an over 800% increase in whale transactions.
• Traders use whale transaction data to predict short-term crypto market trends.

Analysts have identified a significant trend in whale behavior that could indicate the direction of the cryptocurrency market in the short term. On-chain data shows that the MakerDAO DAI stablecoin on the BNB chain recorded an over 800% increase in whale transactions this week, making it the highest increase among altcoins with over $500 million market caps.

This week, three stablecoins were among the top ten ranked digital assets by the increase in whale transactions, suggesting that funds are being accumulated for potential swaps with altcoins common to their trading pairs. Aside from MakerDAO on BNB, the other two stablecoins are MakerDAO on Arbitrum and a similar stablecoin on the Polygon chain.

Analysts review whale activities like transaction volume changes to gauge the crypto market’s pulse and make predictions. Therefore, crypto whale transactions across other digital asset ecosystems remain crucial in market analysis, especially when…

The post Here Are the Top 10 Crypto Assets by Whale Transactions This Week appeared first on Coin Edition.