Decentraland (MANA) topped the list of tokens experiencing the largest increase in whale activity over the past week, according to onchain analytics firm Santiment, signaling renewed institutional interest in the metaverse token.
The ranking tracked the ten assets with the most significant growth in large-holder transactions and accumulation patterns. Pendle on Arbitrum claimed the second position, followed by stablecoin derivatives USAT and Dai on Optimism, indicating whale movements across both volatile assets and yield-bearing instruments. Mid-cap tokens including Telcoin (TEL), Virtuals Protocol (VIRTUAL), and LayerZero's ZRO also entered the top ten, while newer stablecoins Global Dollar (USDG) and USDS rounded out the list.
Whale accumulation typically precedes broader market moves, though it does not guarantee price appreciation. The diversity of assets in the ranking—spanning gaming tokens, layer-two infrastructure, and stablecoin variants—suggests institutional investors are selectively positioning across multiple blockchain verticals rather than concentrating bets on a single narrative.