As a researcher with experience in the cryptocurrency market, I find the recent developments in Shiba Inu (SHIB) and Cardano (ADA) intriguing. The surge in large-scale transactions for both tokens is noteworthy, as reported by Santiment. With more than 800 large transactions for ADA and around 300 for SHIB this week, compared to the average of 2024, it’s clear that whale investors are showing increased interest in these digital assets.
The cryptocurrency world has seen notable activity in recent times with Shiba Inu (SHIB) and Cardano (ADA) leading the charge. These digital tokens have experienced a spike in major transactions, according to data from Santiment. The primary cause of this uptick appears to be heightened investment from large-scale investors, as evidenced by transactions worth over $100,000.
As a crypto investor, I’ve noticed an intriguing trend this week. The volume of substantial transactions for Shiba Inu (SHIB) and Cardano (ADA) has significantly surpassed the typical activity from the past year. Specifically, these large transactions have more than doubled in comparison to the average transaction size seen in 2024.
As a crypto investor, I’ve noticed an intriguing development in my chart. The current volume of significant transactions for ADA stands at 875, while that of SHIB is at 321. However, just the previous day, these figures were significantly lower – around 455 for Cardano and a mere 81 for Shiba Inu. This suggests a recent surge in trading activity for both tokens.
#Cardano, #ShibaInu, and #Jasmy have experienced significant growth in recent days. This uptick seems to be driven by increased activity from large investors, or “whales.” Notably, there has been a substantial increase in the number of transactions valued over $100,000 on each of these networks during this week. This figure surpasses the typical 2024 averages by more than double, suggesting that whales are actively amassing these cryptocurrencies.
— Santiment (@santimentfeed) June 5, 2024
As an analyst, I’ve noticed some intriguing behavior from large SHIB investors, or “whales,” as they are commonly referred to. According to U.Today’s recent report, these early 2021 buyers have amassed over 1.3 trillion Shiba Inu tokens, which is equivalent to approximately $33.28 million at current market prices.
It’s unclear at this point if the increase in price for digital assets like ADA and SHIB is genuine buying from large investors. Currently, their prices are dipping, with both being displayed in the negative today.
From a researcher’s perspective, over the past few days, I’ve noticed that Shiba Inu‘s price has risen by 3.8% since the start of the week, while Cardano‘s price has increased by 2.5% during the same period. Notably, this growth occurred without significant volatility or rapid price swings. This observation could indicate the presence of large investors, or “whales,” who are actively buying these cryptocurrencies.
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2024-06-06 12:18