The findings are based on Santiment’s whale transaction metric, which tracks trades exceeding $100,000 and often precedes major price shifts.

Potential Bottom Signals

Shiba Inu (SHIB)

SHIB recorded 527 whale transactions on June 5, marking a five-month high. Since then, the token has risen by 10%, which Santiment interprets as a possible early stage of a broader rally. This pattern mirrors previous cycles when heightened whale interest preceded price recoveries.

Ankr (ANKR)

Despite a 23% decline over the past month, Ankr showed renewed whale interest with eight significant transactions on June 8. Santiment notes that similar spikes in ANKR’s past have often led to upward price movements.

LCX (LCX)

LCX, the utility token of the Liechtenstein-based LCX exchange, saw 12 whale transactions on June 9—the highest since February. Following these, the token posted an 8% gain, which may signal the beginning of a reversal.

Possible Top Indicators

SPX6900 (SPX)

Having gained 486% over three months, SPX6900 now faces potential cooling. A total of 134 whale-sized transactions on June 9 suggest profit-taking among large holders, which may indicate a local top, according to Santiment.

Compound (COMP)

COMP surged 50% in June and logged 157 large transactions on June 9. This mirrors activity seen during its previous local top on April 1. Analysts caution that COMP may be nearing short-term exhaustion.

UMA (UMA)

UMA spiked 52% between June 5 and 8. On June 8, it recorded 27 whale transactions—the highest count in 2025. This wave of activity suggests that whales are likely taking profits, pointing to a potential price peak.

Conclusion

Santiment’s whale transaction analysis has proven prescient in past market cycles, identifying pivotal moments when sentiment among major holders shifts. Investors watching SHIB, ANKR, and LCX may see opportunity, while caution is advised around SPX, COMP, and UMA as whale selling could foreshadow local tops.

The post Whale Movements Signal Key Turning Points for These Six Altcoins appeared first on Coindoo.

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Filed under: Bitcoin - @ June 14, 2025 2:01 am