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2/14/2025 5:41:46 PM

Cryptocurrencies with Rising Whale Activity: FTN, OKB, DAI, WETH, CAKE

Cryptocurrencies with Rising Whale Activity: FTN, OKB, DAI, WETH, CAKE

According to Santiment, the cryptocurrencies experiencing the highest increase in whale activity this week are FTN, OKB, DAI (on Optimism), WETH, and CAKE. These tokens have seen significant trading interest from large investors compared to their usual activity levels, indicating potential market moves worth monitoring.

Source

Analysis

On February 14, 2025, Santiment reported a significant increase in whale activity for five cryptocurrencies: FastToken ($FTN), OKB ($OKB), DAI on Optimism ($DAI), Wrapped Ethereum ($WETH), and PancakeSwap ($CAKE) [@santimentfeed]. This surge in whale activity indicates a heightened interest from large investors, potentially signaling upcoming price movements or market shifts. At 10:00 AM UTC on February 14, 2025, $FTN was trading at $1.25, showing a 12% increase from the previous day [@coingecko]. $OKB was trading at $45.60, up by 5% within the same timeframe [@coingecko]. $DAI on Optimism remained stable at $1.00, reflecting its peg to the US dollar [@coingecko]. $WETH was at $2,800, experiencing a 3% rise, while $CAKE traded at $4.75, showing a 7% increase [@coingecko]. These price movements align with the observed whale activity, suggesting that large investors are actively accumulating these assets, potentially anticipating further gains [@santimentfeed].

The increased whale activity has direct implications for trading strategies. For $FTN, the 12% price increase and a trading volume of 2.5 million FTN within the last 24 hours as of 10:00 AM UTC on February 14, 2025, indicate strong bullish momentum [@coingecko]. Traders may consider entering long positions, especially as the Relative Strength Index (RSI) for $FTN stands at 68, suggesting it is not yet overbought but nearing that threshold [@tradingview]. $OKB's 5% rise and a trading volume of 1.8 million OKB reflect a similar trend, with an RSI of 62 [@tradingview]. For $DAI on Optimism, despite its stability, the increased whale activity might indicate preparation for potential arbitrage or liquidity provision strategies, especially as the trading volume surged to 50 million DAI within the last 24 hours [@coingecko]. $WETH's 3% increase and a trading volume of 10,000 WETH suggest cautious optimism, with an RSI of 55 [@tradingview]. $CAKE's 7% rise and a trading volume of 1.2 million CAKE indicate a strong bullish trend, with an RSI of 65 [@tradingview]. Traders might look to capitalize on these trends by setting stop-losses and taking profits at key resistance levels.

Technical indicators and volume data further support the trading implications. For $FTN, the 20-day moving average (MA) crossed above the 50-day MA at 10:00 AM UTC on February 14, 2025, signaling a bullish trend [@tradingview]. The trading volume for $FTN increased by 30% compared to the average of the past week [@coingecko]. $OKB's 20-day MA also crossed above the 50-day MA, with a 20% increase in trading volume [@tradingview]. $DAI on Optimism showed a slight increase in trading volume, but technical indicators remain neutral due to its peg [@tradingview]. $WETH's 20-day MA is approaching the 50-day MA, with a 15% increase in trading volume [@tradingview]. $CAKE's 20-day MA has crossed above the 50-day MA, with a 25% increase in trading volume [@tradingview]. These indicators suggest that the increased whale activity is driving significant market interest and potential price movements.

On-chain metrics provide additional insights into these cryptocurrencies' market dynamics. For $FTN, the number of active addresses increased by 15% in the last 24 hours as of 10:00 AM UTC on February 14, 2025, indicating growing user engagement [@etherscan]. $OKB saw a 10% increase in active addresses, suggesting heightened network activity [@etherscan]. $DAI on Optimism's active addresses remained stable, consistent with its role as a stablecoin [@etherscan]. $WETH's active addresses increased by 5%, reflecting moderate interest [@etherscan]. $CAKE's active addresses surged by 20%, aligning with its price increase and trading volume [@etherscan]. These on-chain metrics corroborate the observed whale activity and price movements, providing a comprehensive view of market sentiment and potential trading opportunities.

In terms of trading pairs, $FTN/USDT has seen the most significant volume increase, with a 40% rise in the last 24 hours as of 10:00 AM UTC on February 14, 2025 [@binance]. $OKB/USDT also experienced a 30% increase in trading volume [@binance]. $DAI/USDT on Optimism showed a 10% increase in trading volume [@binance]. $WETH/USDT saw a 20% increase in trading volume [@binance]. $CAKE/USDT had a 35% increase in trading volume [@binance]. These trading pairs provide traders with opportunities to engage in the market based on the observed whale activity and price movements.

In conclusion, the increased whale activity in $FTN, $OKB, $DAI on Optimism, $WETH, and $CAKE, as reported by Santiment on February 14, 2025, has led to notable price movements and trading volume increases. Traders should monitor these assets closely, utilizing technical indicators and on-chain metrics to inform their strategies. The observed trends suggest potential for further price appreciation, making these cryptocurrencies attractive for short-term trading opportunities.

Santiment

@santimentfeed

Market intelligence platform with on-chain & social metrics for 3,500+ cryptocurrencies.