On-chain data shows big players are back in memecoins — and in force. On X, analytics firm Santiment published a weekly snapshot of cryptocurrencies (market cap ≥ $500M) with the largest jumps in Whale Transaction Count — the number of on-chain transfers larger than $100,000. Since moves of that size are typically made by “whales” (very large holders), the metric is a useful pulse-check on where institutional or high-net-worth attention is shifting. Key takeaways - Four memecoins made the top 10 list, signaling renewed whale interest in meme-driven tokens. - Leading the pack is the Ethereum version of Floki (FLOKI), with Whale Transaction Count surging an eye-watering 950% week-over-week. - Pepe (PEPE) ranks second with a 620% increase in whale transfers. - The BNB Chain version of Floki sits third, up 550%. - Shiba Inu (SHIB) also appears in the top 10, posting a more than 111% jump in whale activity. What the metric means — and what it doesn’t An uptick in Whale Transaction Count indicates increased transfer activity among large holders, which often corresponds to heightened interest from big-money traders. However, the metric only tallies the number of large transfers; it does not show whether those transfers were buys, sells, or internal movements. That ambiguity means spikes can precede either accumulation-driven rallies or sell-offs — but they frequently lead to higher volatility. Context on recent price action For these memecoins the surge in whale transactions has coincided with sharp price moves, suggesting accumulation could be the dominant force. Pepe, for example, has seen the strongest price rally among the memecoins mentioned, climbing more than 47% over the past week. Bottom line Santiment’s data highlights a concentrated return of whale activity to memecoins, particularly Floki and Pepe. Traders should watch on-chain flows closely — they’re a leading indicator of volatility, but not a definitive signal of buying or selling direction. Read more AI-generated news on: undefined/news

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