Ultcoin crypto industry such as Floki, AAV, Jasmi and Apecoin are seeing an increase in whale activity as instability in the industry.
A popular Meme Sikka, Floki (Floki) saw an increase of 286% in its whale activity in the last seven days. Similarly, Santime data shows that Aave (Aave), JasmyCoin (Jasmy), Apecoin (APE), and Cronos (CRO) have seen their whale activity jumping more than 144% in the last seven days.
These whale shopping may indicate that investors are buying a dip, as these coins have fallen rapidly in this month. Floki has declined by more than 70% in 2024 from its highest level and has been hovering near its lowest level since March 2024.
A potential catalyst for Floki is the upcoming Valhalla Mainnet launch, which is expected to be in February or March. The Vallah is the major game of the network, supported by a dedicated $ 43 million Treasury. Its goal is to provide more utility to Floki tokens and increase the ecosystem.
Aave, the largest player in decentralized finance The industry has declined by more than 33% from its highest level in 2023. This week was important for the network as it handled more than $ 200 million in crypto liquidation without any issue.
Jasmi’s whale activity also grew in the form of coins, often referred to as the “bitcoin of Japan”, which fell 58% from its December summit. Nansen data confirms this growing demand, as the number of JC tokens held on exchanges has decreased.
Tokens on exchanges have come down by 3.75% to 16.19 billion in the last seven days. The decline in exchange-accepted tokens suggests that investors are transferred to self-cosmetics with an immediate plan to sell them.
These altcoins can now rebound at the end of this month that the threat of tariff is over, Donald Trump expected to talk with China’s Xi Jinping. Further, as we wrote earlier, Bitcoin has created a cup-hand-handle and a fast flag, which indicates further profit. Most Altcoin rally when bitcoin increases.
