TL;DR:
- Mantle (MNT) recorded a 600% increase in transactions over $100,000, positioning itself as the asset with the highest institutional activity of the week.
- Four of the top ten assets in the ranking are stablecoins (DAI, USDD, USDT, USDC), suggesting a massive repositioning towards liquidity.
- Projects like Maker (MKR) and Fetch.ai (FET) also showed significant spikes in activity despite market price corrections.
The on-chain analytics platform Santiment announced this Thursday that Mantle is at the top of the list of assets that have increased the activity of their large holders. This phenomenon occurs in a context where institutional capital seems to be moving strategically in the face of recent sector volatility.
Data indicates that the asset’s transaction volume reached levels seven times higher than last week, maintaining a market capitalization of $2.53 billion. Although the price of MNT is $0.773 with a 6.99% drop in the last 24 hours, the capital flow from whales increased notably.
Strategic Movement Toward Stablecoins and DeFi
This increase in high-value transactions is not limited to the governance segment. The MakerDAO ecosystem reflects an interesting duality: while DAI on the BNB Chain network ranks second with a 340% increase in activity, the MKR token follows closely with a 200% increase, reflecting large-scale capital movement.
On the other hand, whales continue to keep a close eye on AI. Indeed, the Artificial Superintelligence Alliance (FET) recorded a 178% increase in its transactions greater than $100,000. However, the fact that four of the ten most active assets are stablecoins indicates that whales could be rotating toward defensive positions.
In short, the outlook is clear: although the prices of assets like PEPE or Mantle pulled back, institutional volume is far from disappearing. The concentration of transactions during moments of price weakness often precedes phases of accumulation or large-scale portfolio rebalancing.
