Floki (FLOKI), AAVE (AAVE), JasmyCoin (JASMY), ApeCoin (APE), and Cronos (CRO) See Increased Whale Activity

Altcoins like Floki, AAVE, Jasmy, and ApeCoin are seeing increased whale activity as volatility in the crypto industry rises.

As crypto volatility rises, so does whale activity.

According to data from Santiment, several altcoins have seen a significant increase in whale activity over the past seven days.

Floki (FLOKI), a popular meme coin, has seen the most drastic increase in whale activity, rising by 286%.

Other coins with a substantial increase in whale activity include AAVE (AAVE) at 144%, JasmyCoin (JASMY) at 144%, ApeCoin (APE) at 144%, and Cronos (CRO) at 144%.

These large purchases by whales could indicate that they are buying the dip, as many of these coins have fallen sharply this month.

For instance, Floki has dropped by over 70% from its highest level in 2024 and is hovering near its lowest level since March 2024.

However, a potential catalyst for Floki is the upcoming Valhalla mainnet launch, which is expected to take place in February or March. Valhalla is the network’s flagship game, backed by a dedicated $43 million treasury. Its goal is to provide more utility to the Floki token and enhance the ecosystem.

Meanwhile, AAVE, the biggest player in the decentralized finance industry, has also seen a decline of over 33% from its highest level in 2023.

This week was significant for the network as it handled over $200 million in crypto liquidations without issue.

“Amid significant market volatility, @aave successfully processed $210 million in liquidations while maintaining zero additional bad debt,” IntoTheBlock stated in a seven-part Twitter thread on Wednesday.

“This showcases the network’s resilience during high-leverage scenarios. Here's a breakdown of the key insights:.”

As a result of the AAVE network handling an immense volume of liquidations on Monday, seven debtors were fully liquidated, while eight managed to repay a portion of their debt.

Overall, the network’s total debt decreased by roughly $190 million a few hours after the morning’s market sell-off.

Additionally, Jasmy’s whale activity also increased as the coin, which is often referred to as “Japan’s Bitcoin,” fell 58% from its December peak.

According to Nansen data, the demand for Jasmy tokens has increased, as indicated by the rising number of tokens held on exchanges.

“The total number of Jasmy tokens on exchanges has decreased slightly over the past seven days, dropping from 16.49 billion to 16.19 billion,” Nansen stated in a recent seven-day market report.

“This suggests that investors are slowly moving their Jasmy tokens off exchanges and into self-custody, indicating that they are not planning on selling their coins immediately.”

Finally, these altcoins may rebound later this month now that the tariff threat has abated, with Donald Trump expected to speak with China’s Xi Jinping.

Further, as we wrote earlier, Bitcoin has formed a cup-and-handle and a bullish flag pointing to further gains ahead. Most altcoins rally when Bitcoin is rising.