Toncoin and Quant are two altcoins that have witnessed a surge in whale transactions recently, something that could foreshadow volatility for their prices.
Toncoin & Quant Have Seen A Spike In Whale Transaction Count
In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Whale Transaction Count for two altcoins: Toncoin (TON) and Quant (QNT).
This indicator measures the total amount of transfers occurring on a given network that are carrying a value of more than $100,000. Generally, only the big-money investors or “whales” are capable of making transfers this large, so the metric’s value is considered to correspond to the activity from this cohort.
These holders generally carry some degree of influence in the market, so whenever they are on the move, the market itself could experience fluctuations. This can make their activity worth keeping an eye on.
Below is the chart shared by Santiment that shows how the Whale Transacti
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