$H Soars 79% in a Month: Whale Activity and New Wallets Signal Strong Demand

by

Humanity Is Up 79% in a Month: Whale <a href="https://bbg-news.com/data">Data</a> Shows Why It Might Not Be Done

Key takeaways:

  • $H up 79% in one month.
  • $H up 41% since April 21.
  • CoinMarketCap ranking: #92.
  • 35 whale transactions above $100K.
  • 45 new $H wallets created.
  • First rally April 16-18 to $0.145 failed.
  • Second rally exceeded first peak with demonstrably better on-chain support.
  • Dotted resistance at $0.155.

I remember when $H first jumped to $0.145 back in April – it felt good, but it didn’t last. The price quickly dropped back down to $0.098 within a couple of days. Looking back, that initial pump seemed pretty weak. There wasn’t much happening *behind* the price increase – no big players moving in, no increase in network activity, and no real solid base to support it. It was just a price jump without any substance. This time, though, things feel different. Before this recent rally started, we saw some positive on-chain data – things like increased network activity and whale participation – that were completely missing the first time around. You can really see the difference in the data now, and it suggests this move has a much stronger foundation.

Why the structure of this rally is not the same as the first

Starting April 21st, the price of $H has consistently climbed to new highs and lows, surpassing the peak of its previous increase. Data from Santiment reveals why this rally is different. Unlike the first price surge, which saw no significant activity from large investors (those making transactions over $100,000), the current rise is being fueled by them. In fact, whale transactions have reached a five-month high of 35, indicating that large holders, who were largely uninvolved in the first rally, are now driving the market.

As an analyst, I’ve been watching the network growth, and it’s reinforcing what we’re seeing in the price action. We just hit a two-month high in new $H wallet creations – 45 new wallets, to be exact – which lines up perfectly with the current price peak. What’s particularly encouraging is that new wallet creation is a really clear indicator of genuine network adoption. Unlike on-chain activity from existing holders, it almost always points to *new* people joining the network. Seeing price increases alongside these multi-month highs in new wallets suggests that demand is expanding beyond just current holders – it’s broadening, which is a very positive sign.

The initial rally lacked key indicators that the second rally possessed. This difference in foundation is the reason the second rally surpassed the previous high, instead of stopping at it.

The risk the data raises

The recent surge in large transactions – 35 ‘whale’ transactions, the highest in five months – is being closely watched as a potentially positive sign, according to Santiment data. However, it’s important to understand that this metric simply tracks activity, not whether whales are buying or selling. Any transaction over $100,000 counts, regardless of direction. Given the significant price increases – 79% in a month and 41% in the last four days – it’s possible that some of these large transactions are simply holders taking profits after buying when the price was around $0.10 back in April.

Tracking network growth provides a clearer picture of actual demand because it focuses on new users, not just existing ones trading amongst themselves. When we see 45 new wallets created – a two-month high – it means 45 new people decided to buy $H at prices ranging from $0.13 to $0.155. This represents fresh demand, not just existing holders moving their assets around. While large transactions (from ‘whales’) can be hard to interpret, combined with this increase in new users, it strongly suggests that buying pressure is currently stronger than selling pressure.

What the #92 ranking means beyond the headline

As a researcher, I’ve been closely following $H, and its recent climb into the top 100 on CoinMarketCap is more than just a number. It’s a significant shift in how the asset is viewed by the market. Many automated investment strategies – things like portfolio algorithms, index funds, and even retail trading platforms – are programmed to include assets once they hit a certain ranking, like being in the top 100. This creates a new wave of ‘passive’ buying, meaning demand that isn’t based on someone believing in the project’s long-term potential, but simply on its ranking. Moving into the top 100 exposes $H to a whole new group of investors who weren’t considering it before, and while this demand isn’t instant, it’s very real – it’s driven by the ranking itself, not necessarily a specific investment thesis.

The level that resolves the current setup

The price is currently trying to break through a resistance level at $0.155, as seen on the 1-hour chart. It previously attempted to rise but stalled at $0.145. This time, the price has already surpassed that point and is now facing a new challenge at $0.155. If the price can close above $0.155 – a solid close, not just a brief spike – it would signal a successful breakout, exceeding what the previous rally achieved. However, if the price falls back down to the $0.140-$0.145 area, it would simply be a retest of the breakout level. As long as that support holds, the overall upward trend that began on April 21 remains intact.

Based on blockchain data from April 26th, the recent price increase doesn’t appear to be a typical “sell-off” scenario. We aren’t seeing the usual signs of a peak, like large amounts of cryptocurrency moving to exchanges, whales selling, or a slowdown in network growth. In fact, the data shows the opposite: whale activity and network growth are both up, and they’re happening *as* the price increases, not before it drops. This pattern – increased institutional investment and new users joining the network alongside rising prices – suggests this price movement is driven by genuine demand, not just short-term hype.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Before making any investment choices, be sure to do your own research and talk to a qualified financial advisor.

Read More

2026-04-26 11:15