As a crypto investor with some experience under my belt, I’m keeping a close eye on the recent recovery in the market and the sudden surge in whale activity for Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY). The massive accumulation by whales is indeed an intriguing development, as they tend to buy low and sell high.
The crypto market’s recent upswing has made some altcoins attractive buying options, with whales preparing for potential price surges by increasingly hoarding Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY). On-chain analysis reveals significant whale activity in these three cryptocurrencies. Could this be an early indication of a bullish trend for ADA, SHIB, and JASMY?
ADA, SHIB, JASMY Record Massive Whale Activity
Recent data from on-chain analytics platform Santiment reveals that there’s been a notable increase in whale activity towards Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) within the past few days. This trend suggests that these large investors have resumed buying these cryptocurrencies after a brief pause.
As a researcher studying cryptocurrency trends, I’ve noticed an intriguing development in the past week: Transactions worth $100,000 or more on Cardano, Shiba Inu, and JasmyCoin networks have more than doubled compared to their 2024 averages. This sudden surge suggests that whales – large-scale investors – are aggressively buying these cryptocurrencies. Historically, such massive accumulation by whales has served as a buy signal, as they typically enter the market when prices are low and exit when they’re high.
“Cadano, Shiba Inu, and Jasmy have experienced notable increases in value. Each surge seems to have been initiated following heightened attention from large investors.”
As a crypto investor following the Cardano market closely, I’ve noticed that Cardano whales have been steadily increasing their holdings of ADA since April. Specifically, whales possessing between 100 million and 1 billion ADA have added approximately 11% to their current stash. This significant group now controls a substantial portion of the total ADA supply, accounting for roughly 6.71%.
As a researcher, I’ve uncovered some intriguing data from the Lookonchain platform. Specifically, I found that nine different wallets collectively spent approximately $35.2 million to acquire a staggering 1.356 trillion SHIB tokens. Meanwhile, today, there has been significant activity from a notable whale (0xa14), who amassed an impressive 37 billion SHIB tokens through transactions on Binance.
Jasmy has seen substantial purchases from both large-scale investors (whales) and individual investors (retail). Yet, there have been unexpected instances of profit selling during these buying sprees.
Cardano, Shiba Inu, JASMY Price Performance
As a crypto investor, I’ve noticed an impressive 4% surge in the price of ADA this past week. At the moment, it’s being traded at $0.459. However, there’s been a slight downturn within the last 24 hours, with the price dipping almost 1%. The range for the day has been between $0.457 and $0.463. Additionally, there’s been a noticeable decrease in trading volume by about 17% over the past 24 hours.
As a crypto investor, I’ve noticed that SHIB‘s price took a dip of around 2% in the past 24 hours. At the moment, it’s being traded at $0.00002557. The lowest and highest points during this period were $0.00002548 and $0.00002627 respectively. Additionally, there’s been a 3% decrease in the trading volume over the last day.
The price of JASMY experienced a significant surge, increasing by more than half in just one week and doubling within a month. However, following DWF Labs’ decision to sell some of their holdings, the price has remained relatively stable at $0.03877. The trading volume over the past 24 hours has decreased by approximately 60%.
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2024-06-06 11:04